NZD/USD Price Forecast: Bears loom after testing 200-DMA downwards
The New Zealand Dollar extends its losses for the second straight day amid a firm US Dollar courtesy of the Middle East conflict, which fueled fears of higher inflation sparked by the jump in Oil prices. The NZD/USD trades at 0.5889, down 0.80%.
  • NZD/USD drops 0.80% as Middle East tensions boost USD demand.
  • Break below 0.5874 (200-day SMA) exposes 0.5836 and 0.5813 supports.
  • Bulls must reclaim 0.5909 to target 0.5955 and the 0.6000 milestone.

The New Zealand Dollar extends its losses for the second straight day amid a firm US Dollar courtesy of the Middle East conflict, which fueled fears of higher inflation sparked by the jump in Oil prices. The NZD/USD trades at 0.5889, down 0.80%.

NZD/USD Price Forecast: Technical outlook

Kiwi’s technical picture remains upward biased after briefly testing the 200-day Simple Moving Average (SMA) at around 0.5874, climbing above the latter and finishing the session closer to the 0.5900 figure.

Momentum is bearish biased as depicted by the Relative Strength Index (RSI), which is below its 50-neutral level, aiming towards oversold territory.

Hence, the NZD/USD could extend its losses in the short term if sellers clear the 200-day SMA at 0.5874. Once surpassed, the next area of interest would be the day’s low of 0.5836 ahead of the 100-day SMA at 0.5813. A breach of the latter will expose the January 19 low of 0.5737.

For a bullish resumption, traders must clear key resistance levels like the 50-day SMA at 0.5909. After this, watch the March 3 daily peak at 0.5955 for the next area of supply ahead of 0.6000.

NZD/USD Price Chart – Daily

NZD/USD Daily Chart

New Zealand Dollar Price This week

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies this week. New Zealand Dollar was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 1.32% 0.49% 0.94% 0.24% 0.29% 1.13% 1.89%
EUR -1.32% -0.83% -0.31% -1.07% -1.01% -0.18% 0.57%
GBP -0.49% 0.83% 0.34% -0.26% -0.19% 0.64% 1.43%
JPY -0.94% 0.31% -0.34% -0.72% -0.69% 0.19% 0.87%
CAD -0.24% 1.07% 0.26% 0.72% 0.00% 0.92% 1.67%
AUD -0.29% 1.01% 0.19% 0.69% -0.01% 0.82% 1.60%
NZD -1.13% 0.18% -0.64% -0.19% -0.92% -0.82% 0.79%
CHF -1.89% -0.57% -1.43% -0.87% -1.67% -1.60% -0.79%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).

100만 명이 넘는 사용자가 FXStreet를 통해 실시간 시장 데이터, 차트 도구, 전문가 인사이트, 포렉스 뉴스를 이용합니다. 포괄적인 경제 캘린더와 교육 웨비나는 트레이더가 정보를 유지하고 신중한 결정을 내리도록 돕습니다. FXStreet는 바르셀로나 본사와 전 세계 지역에 걸쳐 약 60명의 팀으로 구성되어 있습니다.
더 읽기

실시간 시세

이름 / 기호
차트
% 변동 / 가격
GBPUSD
1일 변동
+0%
0
EURUSD
1일 변동
+0%
0
USDJPY
1일 변동
+0%
0

FOREX에 대한 모든 것

탐색 더 많은 도구
트레이딩 아카데미
거래 전략, 시장 인사이트, 금융 기초를 다루는 다양한 교육 기사를 한 곳에서 탐색해보세요.
더 알아보기
코스
거래 여정의 모든 단계에서 성장을 지원하도록 설계된 체계적인 거래 코스를 탐색해보세요.
더 알아보기
웨비나
업계 전문가로부터 실시간 시장 인사이트와 거래 전략을 얻기 위해 라이브 및 온디맨드 웨비나에 참여하세요.
더 알아보기