NZD/USD consolidates daily gains near 0.69, Markit PMI eyed

NZD/USD holds near 0.69 as USD struggled to recover. Markit will release manufacturing and service sectors PMI data from the U.S. Encouraging tourism data from New Zealand helps kiwi gather strength. Following its steady recovery in the NA session on Thursday, the NZD/USD pair started the da ...

NZD/USD: Off 6-month low, focus on broader market sentiment

The Kiwi has recovered 50 pips from the six-month low of 0.6826. NZD/USD created a doji candle yesterday, signaling the market has turned indecisive after hitting a 6 - month low of 0.6826. A corrective rally could be capped by risk aversion. The NZD/USD is reporting marginal gains in earl ...

NZD/USD pares early losses, turns positive above mid-0.68s

NZD/USD recovers from 2018 lows. GDP growth loses momentum in New Zealand. DXY reverses course in the NA session and slumps to mid-94s. The NZD/USD pair plummeted to its worst level since December of 2017 at 0.6825 during the early trading hours of the Asain session on Thursday but was able t ...

NZD/USD bearish on a close below 0.6850 – UOB

FX Strategists at UOB Group noted the pair’s otulook should shift to bearish on a daily close below 0.6850. Key Quotes 24-hour view: “Expectation for sideways trading was incorrect as NZD dropped sharply to hit an overnight low of 0.6860. While at oversold levels, the current weaknes ...

NZD/USD bounces-off fresh 2018 lows near 0.6830, NZ GDP still weighs

A weaker annualized New Zealand’s (NZ) Q1 GDP figures continue to weigh. Bears targeting 0.7800 ahead of the US Philly Fed manufacturing index and jobless claims. The NZD/USD pair remains heavily offered so far this Thursday, having faced fresh selling pressure following the release of N ...

NZD/USD holding steady near 0.6850 following few surprises from NZ GDP

The Kiwi barely registers NZ GDP figures, which came in at expectation, but forecasts aren't expecting much from the NZ economy lately. The NZD/USD is toying with 2018's key low as bidders remain constrained by overall market sentiment. The NZD/USD is trading near 0.6860, flat fo ...

When is the NZ GDP and how could it affect the NZD/USD?

New Zealand quarterly GDP overview Tuesday at 22:45 GMT sees the latest quarterly GDP figures from New Zealand, and the headline q/q/ figure is expected to tick down from 0.6% to 0.5%, while the y/y figure is expected to match, forecast to come in at 2.7% versus the previous reading o ...

NZD/USD Technical Analysis: Kiwi meltdown en route to 2018 low

NZD/USD is accelerating down for the fifth day in a row as it has lost about 200 pips in the last two weeks. Kiwi is now very close to the 2018 low at 0.6854. Bears are also likely targeting 0.6816 December 1, 2017 low and then the 0.6780 level, the 2017 low. On the other hand, Kiw ...

NZD/USD consolidates losses below 0.69 as DXY stays flat on the day

NZD/USD remains on track to end the third day lower this week. US Dollar Index struggles to rise above 95. The NZD/USD pair dropped to its lowest level in more than a month at 0.6865 earlier in the NA session and started moving in a tight range after finding a support there. As of writing, th ...

NZD/USD: Bears fail to keep the pair below 0.69 despite weak NZ data

New Zealand current account deficit rose to 9-year high in March quarter. New Zealand consumer confidence dipped in Q2 - Westpac survey. Global dairy prices fell for the second time. Still, the NZD/USD pair is reporting moderate gains, possibly due to short-term oversold technical conditions. ...

NZD/USD struggles to recover above 0.69 after dismal GDT auction outcome

GDT Price Index drops 1.2% in the latest auction. Risk aversion continues to dominate the price action. US Dollar Index sticks to daily gains, stays below 95. On Tuesday, the NZD/USD pair broke below the 0.69 mark to refresh its lowest level since late May and failed to stage a recover ...