NZD/USD Live News

This page provides live coverage and news analysis on the NZD/USD currency pair

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Jul. 18, 2024

Weak sentiment sees the New-Zealand Dollar posting 0.19% loss

Live - Updated 16 minutes ago.

The Kiwi is range-bound between 0.6061 and 0.6084 today after shedding 11 pips and closing at 0.6084 yesterday.

When "Bullish Engulfing” is detected at the bottom of a bearish trend, it is typically indicative of a trend reversal. The Kiwi's lower Bollinger Band® is at 0.6054, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. The New-Zealand Dollar could begin to recover as it approaches significant support, now 31 pips away from 0.6041. Dipping below could be an indication that further losses are ahead.

Overall, looking at the technical analysis landscape, it seems the Kiwi —which is currently on a downtrend— might reverse course and start pointing upward in the short term.

In the meantime, negative performances are seen in other pairs, EUR/AUD closed at 1.6192 (down 0.38%). EUR/USD is trading around 1.0911 (down 29 pips).

Though the New-Zealand Dollar has been dropping, other pairs have been performing better: having closed the previous session at 156.18, USD/JPY is up 0.32% today to currently trade at around 156.68.

Trading mostly sideways for a month. The Kiwi now trading 127.86% above its 3-month low of 0.58.

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Week to date

The Kiwi ends yesterday stable around 0.6072 .

Trading week at a glance - NZD/USD is up to 0.6072, after closing yesterday at zero. Overall, a 0% move or 6,072 pips this week. (Start trading the Kiwi at FXTM today).