NZD/USD continuing to sag, 0.70 on the cards if bulls don’t step in

Kiwi is looking for bidders after another day of declines against the Greenback. NZ trade balance figures could give the Kiwi a much-needed boost if the numbers can beat expectations. The Kiwi is trading near the bottom against the US Dollar, testing around the 0.7075 region heading int ...

NZD/USD keeps melting as US yields push higher

NZD/USD bears offer no respite as the downtrend keeps extending towards the 0.7000 handle. Friday is the most important day of the week for the USD with the PCE and GDP data.  The surging US 10-year note yield remains the main driver behind the US dollar demand. The NZD/USD i ...

NZD/USD needs to regain 0.7190 to alleviate negative bias – UOB

According to FX Strategists at UOB Group, only a return above 0.7190 should mitigate the current downside pressure. Key Quotes “We highlighted yesterday (24 Apr, 0.7155) that “further weakness towards 0.7100 seems likely” but the continuing rapid pace of decline that quickly hit ...

NZD/USD slipping into 0.71 as Greenback rises once more

The Kiwi is falling against the US Dollar as Treasury yields drive the Greenback higher. New Zealand markets are shuttered today for the Anzac holiday, and market volumes are thin. The Kiwi is drifting lower in the early Asia session, hitting into fresh lows at the 0.7100 handle as the U ...

NZD/USD: bears in control, aiming for 0.7105 on break out

NZD/USD: stuck in a consolidative range awaiting a catalyst. NZD/USD: technicals lean bearish, eyes on 0.7105 lows. NZD/USD has been trading in a consolidative range between 0.7105 and a high of 0.7131. Currently, NZD/USD is trading at 0.7118, down -0.41% on the day, having posted a daily hig ...

NZD/USD in a 30-pip range above 0.7200 after 7-day decline

In the absence of major macroeconomic news NZD/USD is mainly led by USD sentiment.  The US Dollar Index (DXY) failed to break above the 91.00 mark on three occasions on Tuesday. The 10-year US bond yields reached 3.003% but there is no follow-through on DXY. The NZD is trading at aroun ...

NZD/USD heavy, eyes a break below 0.7100

Bears attack 0.71 handle, ignores rising oil prices. Sold-off for the sixth straight consecutive session on broad USD strength. After a brief consolidative stint near 0.7120 levels during late-Asia, the NZD/USD pair came under renewed selling pressure in early Europe, now look to test the ke ...

NZD/USD barreling into 0.71 as the Asia selloff continues

The Kiwi is extending its decline into the Asia trading session. A lack of meaningful data for the Kiwi leaves the pair exposed to the Greenback rally and further downside. The NZD/USD is drifting lower in Asia trading, touching into 0.7115 as the US Dollar continues to find bidders and th ...

NZD/USD: approaching lowest levels in a year – ANZ

Analysts at ANZ explained that the kiwi broke through the key 200 day MA support level overnight to approach its lowest levels for the year. Key Quotes: "A long market has assisted the move, but this has largely been about a stronger USD, with it responding to higher yields and perhaps easin ...

NZD/USD falls into 0.7150 as the Kiwi gives up ground to the Greenback

A weakened Kiwi gives up even further ground as the US Dollar recovery extends its reach. No more NZD data on the calendar until Thursday. The NZD/USD is trading near 0.7150 heading into the Tokyo trading session after losing ground steadily through Monday's trading. The Kiwi stoope ...

NZD/USD sub-0.7200 handle as US yields rise

The market’s focus is on rising US treasury yields which are underpinning the USD. The NZD/USD is trading below the important multi-month 0.7200 handle.  The NZD/USD is trading at around 0.7160 down 0.70% on Monday.  The US dollar is currently the strongest on Monday amongs ...

NZD/USD stapled to 0.72 as Monday brings hesitation

The NZD is struggling to develop momentum for the Monday session after a sturdy thumping last week. The Kiwi's calendar is nearly deserted this week, which means plenty of room for sentiment to take over. The Kiwi tried to kick off the week with a bullish push but is sitting on the floo ...

NZD/USD: Buy the dips circa 0.7112? – Goldman Sachs

Goldman Sachs’ analysts offer a quick overview of the NZD/USD technical outlook for the near-term, in its latest G10 FX snapshot report. Key Quotes: “The next area in focus is 0.7185-0.7112; includes the 200-dma, ABC of the Feb. high and March. low. The decline since the January hig ...

NZD/USD: early demand for the bird, bulls protecting 0.7200

NZD/USD: bearish signals on the charts and the dollar remains bid. Bird needs to get above the 0.7280 level or risk below 0.7200. NZD/USD is currently trading at 0.7214 with a high of 0.7219 and a low of 0.7213, trading on the defensive after an extension of the downside.  In th ...