NZD/USD:” To fly north or south?” the bird asks …

The Kiwi has been taking its cues from the ebbs and flows in risk, CNH & EM-FX and the greenback's performance.  NZD/USD is currently trading at 0.6553, slightly off from the 0.6569 highs and up from the 0.6534 lows.  Technically, NZD/USD is at a crossroads with th ...

NZD/USD dips below 200-hour EMA, Asian markets sell risk

The NZD/USD is down 0.32 percent in Asia, while the S&P 500 futures are reporting a 0.48 percent drop. The USD is on the rise against most majors as the USD/CNH remains bid, despite the rally in the Chinese stocks. The NZD/USD pair is feeling the pull of gravity in Asia, courtesy of th ...

NZD/USD slumps to daily lows near mid-0.65s as dollar preserves strength

US Dollar Index surges above 96 in the NA session. Wall Street fails to stay in green, weighs on risk-sensitive currencies. The NZD/USD pair came under a renewed selling pressure in the second half of the day as the greenback continued to gather strength. After spending the majority of the da ...

NZD/USD bears looking hungry for a run to 38.2% Fibo and beyond

NZD/USD is making tracks back to the downside within the bearish Channel from the resistance area of the same channel and eyes test of S1 in the sessions ahead before the FX week is out. NZD/USD is currently trading at 0.6542 from 0.6578 and made a low of 0.6534.  NZD/USD has turne ...

NZD/USD retreats from daily highs as USD gathers strength

Upbeat data from the U.S. boost the greenback. US Dollar Index advances to fresh 8-day highs. Coming up: Speech by Fed's Quarles and NZ visitor arrivals.  After rising to a fresh daily high at 0.6580, the NZD/USD pair lost its traction and erased a portion of its dail ...

NZD/USD: Upside potential towards 0.6725 – Westpac

Imre Speizer, Research Analyst at Westpac, suggests that the immediate outlook for NZD/USD is unclear, with the impact of this week’s strong NZ CPI data offset by the US dollar’s recent rebound. Key Quotes “Given extreme short positioning, though, there remains upside potentia ...

RBNZ wants to be late to the global rate hiking party – ANZ

Analysts at ANZ note that the RBNZ continues to signal it wants to be late to the global rate hiking party, or a no-show altogether. Key Quotes “That is keeping the short end anchored and driving a meaningful outperformance of the long end, especially with US yields grinding higher. Whil ...

RBNZ wants to be late to the global rate hiking party – ANZ

Analysts at ANZ note that the RBNZ continues to signal it wants to be late to the global rate hiking party, or a no-show altogether. Key Quotes “That is keeping the short end anchored and driving a meaningful outperformance of the long end, especially with US yields grinding higher. Whil ...

NZD/USD downshifting below 0.6550

The Kiwi can't quite shrug off Dollar bidding, continues to push into near-term lows as the USD rises. A data-light showing from here on out leaves the NZD exposed to further Greenback pressures. The NZD/USD is shuffling its feet near 0.6540 as the downside continues to pull at the Kiw ...

NZD/USD to reach 0.61 by early next year – ANZ

Analysts at ANZ Bank New Zealand explained that the RBNZ continues to signal it wants to be late to the global rate hiking party, or a no-show altogether.  Key Quotes: "That is keeping the short end anchored and driving a meaningful outperformance of the long end, especially with U ...