NZD/USD unlikely to drop below 0.6540 – UOB

FX Strategists at UOB Group noted the chances of the Kiwi Dollar to break below 0.6540 are not high for the time being. Key Quotes 24-hour view: “The major 0.6540 support remains unchallenged as NZD staged a surprisingly robust recovery and hit a high of 0.6608. The rebound appears to b ...

NZD/UZD Technical Analysis: NZ PPI beats, sends the Kiwi into 0.66

The Kiwi is lifting back away from the week's low of 0.6543, a major technical bottom for the pair, as market sentiment attempts to improve for Friday's major market sessions. The NZD/USD marked in a 30-month low this week as the US Dollar makes gain across the broader FX market. Th ...

NZD/USD: A pause is warranted – Westpac

Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD has continued to slide, reaching their target from last week of 0.6550. Key Quotes “From here, a pause is warranted, but risks remain skewed to the downside, and we expect to see 0.6400 by year end.” “Las ...

NZD/USD Technical Analysis: Corrective rally eyes break above 0.66

The bullish divergence of the hourly RSI and a break above the 50-hour moving average (MA) and 100-hour MA indicates the NZD/USD could rise above 0.66 today. The positive hourly chart setup adds credence to oversold conditions reported by the 14-day RSI. Hourly chart Spot Rate: 0.6588 Dail ...

NZD/USD Technical Analysis: kicks higher alongside the Aussie

The Kiwi kicked into 0.6575 after the Aussie employment data saw a volatility spike in the AUssie drag the NZD/USD along as the Antipodeans see a brief spark of life. Data is thin this week for the NZD and the Kiwi-Dollar pairing is at the mercy of broader market sentiment. The NZD is testin ...

NZD/USD recovers toward 0.6570 as US Dollar turns flat on the day

US Dollar Index finds resistance at 97, retraces daily gains. Retail sales in the U.S. beat expectations in July.  USD/CNY stabilizes near 6.9350. The combination of a strong USD and a weak CNY on Wednesday pulled the NZD/USD pair to its lowest level in nearly 30 months at 0.6543. Wit ...

NZD/USD Technical Analysis: Floor at 0.6550 looking weak

A sluggish Kiwi sees little bullish rebound against the Greenback after last week's fear-induced decline. A thin calendar for the NZD this week sees market sentiment largely in the driver's seat. Buyers are struggling to develop wheels under a bullish correction from 0.6550 a ...

NZD: Pressurized by dovish RBNZ – Westpac

Imre Speizer, Research Analyst at Westpac, points out that NZD/USD finally broke down, below the month-old range bottom at 0.6690 to 0.6665 – the lowest since March 2016. Key Quotes “The catalyst for the break lower was the RBNZ’s dovish MPS, where it shifted its OCR forecas ...

NZD/USD sees corrective rally, but put demand hit fresh 7-month low

NZD/USD has found acceptance above the 50-hour moving average, having clocked a low of 0.6561 yesterday. The risk reversals fell to fresh 7-month lows today, signaling a corrective rally will likely be short-lived. The NZD/USD is trading well above the 50-hour moving average (MA) of 0.6587 ...

NZD/USD Technical Analysis: buyers struggling to take 0.66

The Kiwi is looking for a foothold after last week's steep decline on withering market sentiment. NZD bulls are hoping for a push higher, but the economic calendar is a thin showing for the Kiwi this week, with nothing on the docket until Thursday's PPI. Middling action for this wee ...

NZD/USD: watching AUD/JPY and USD/TRY, 0.6510 is key

NZD/USD  is currently trading at 0.6581 having made a high of 0.6595 and a low of 0.6567 in a calmer display of pice action while the market takes a breather from some heavy volatility since Friday's dramatic run on the Lira and subsequent volatility in financial markets.  ...

NZD/USD Technical Analysis: trapped below 0.66

The Kiwi hit into a multi-year low to open up the week before bouncing to close Monday's opening gap. Broader market sentiment remains firmly in the risk-off camp despite the NZD's minor bounce for the day. Changes in overall market sentiment are set to be the determining facto ...