NZD/USD Live News

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

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Mar. 3, 2021

Today at 1:15 PM: United States ADP Nonfarm Employment Change (Feb), the Kiwi drifts up to 0.73 in anticipation

Live - Updated 26 minutes ago.

The Kiwi today at a glance – NZD/USD posts light gains on a low-volatility day, ranging between 0.7305 and 0.7282 and is now at 0.73. United States ADP Nonfarm Employment Change (Feb) data will be released today at 1:15 PM, with an expected decline to 177,000. (Start trading New-Zealand Dollar at FXTM today).

New-Zealand Dollar technical analysis picture ahead of data: The chart pattern study shows the nearest resistance level is at 0.7435. In terms of trend indicators, we can see that although up today, worth noting that earlier the New-Zealand Dollar dropped below the 10 day Simple Moving Average when it was trading at 0.7285, usually an indication that a negative trend is ahead.

Overall, looking at the technical analysis landscape, it seems the New-Zealand Dollar is likely to reverse course and start pointing down in the short term.

As the market gets ready for data release – HANG SENG INDEX is up 2.51%. SSE is up 1.95%.

Earlier data released related to the Kiwi – data for New Zealand Building Consents (MoM) (Jan) was released yesterday at 9:45 PM and suggests a downwards trend of 2.1, while previous data was 5.1. The New Zealand Retail Price Index was released yesterday at 3:20 PM with a figure of 15, This is better than the previous number of three.

Coming up is the Kiwi – New Zealand RBNZ Gov Orr speech set for today at 8:15 PM. United States Crude Oil Inventories seem to be pointing downwards with an expected -928,000 while the preceding figure was 1.28 million, New data will be released today at 3:30 PM.

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Week to date

The Kiwi climbs to 0.73 (a 0.39% gain) after starting the week at 0.7271 .

Trading week in a glance - NZD/USD is mostly flat, ranging between 0.7307 and 0.7207 and is now at 0.73. (Start trading New-Zealand Dollar at FXTM today).

A look at other markets shows behavior that usually indicates a green move for the New-Zealand Dollar as the Dollar/Yen rallies beyond 106.96 for the first time in 7 months. The GBP/CAD rallied beyond 1.7778 for the first time in 11 months. Crude oil made its largest single-week drop ($3.17) since October 2020

At the same time, Gold fell to $1,708.4, hitting an 8 month low. At 1.5196, EUR/CAD is down to its lowest value in 8 months.