Trade The World
NZD/USD: RBNZ’s dovish cut reinforces a downward bias for NZD – OCBC
By FXStreet Insights Team
Date Published: 25 Aug 2025 | Date Modified: 25 Aug 2025
POPULAR ARTICLES
New Zealand Dollar (NZD) bounced off its post-RBNZ lows, owing to a softer US Dollar (USD), but magnitude of strengthening was relatively weak. Pair last seen at 0.5855 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New Zealand Dollar (NZD) bounced off its post-RBNZ lows, owing to a softer US Dollar (USD), but magnitude of strengthening was relatively weak. Pair last seen at 0.5855 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Bearish momentum on daily chart intact
"RBNZ’s dovish cut and lower OCR track reinforced a downward bias for NZD. Unless broader sentiment recovers in a big way, the Kiwi may well lag peers in the interim."
"Bearish momentum on daily chart intact but shows tentative signs of improvement while RSI is flat. Support at 0.5800/30 levels (200 DMA, 50% fibo retracement of April low to July high), 0.5730 (61.8% fibo). Resistance at 0.5880 (38.2% fibo)."
Acuity Trading
Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
Read More
