NZD/USD Price Forecast: Downtrend persist after hitting six-month low
The New Zealand Dollar trims some of its earlier losses, as the Greenback turns negative on the day sponsored by the escalation of trade tensions between Washington and Beijing and Fed Chair Jerome Powell slightly dovish remarks. The NZD/USD trades at 0.5718, down 0.14%.
  • NZD/USD hovers near 0.5718, capped by resistance at 0.5754 and the 20-day SMA at 0.5808.
  • Fed Chair Powell’s slightly dovish remarks weigh on Dollar but fail to lift Kiwi meaningfully.
  • Bears eye key support at 0.5682, with yearly low at 0.5485 remaining in focus.

The New Zealand Dollar trims some of its earlier losses, as the Greenback turns negative on the day sponsored by the escalation of trade tensions between Washington and Beijing and Fed Chair Jerome Powell slightly dovish remarks. The NZD/USD trades at 0.5718, down 0.14%.

NZD/USD Price Forecast: Kiwi pares losses, yet it remains pressured

The downtrend continues as the NZD/USD remains below the latest cycle low turned resistance at 0.5754, reached on September 26. Momentum reveals that sellers remain in charge as depicted by the Relative Strength Index (RSI).

If NZD/USD clears the 0.5750 figure, the next stop would be the September 26 low turned resistance, ahead of 0.5800. Further upside lies ahead, with the 20-day SMA at 0.5808, which if cleared, paves the way for testing the 200-day SMA at 0.5850.

On the downside, the first key support would be the October 14 low of 0.5682—six months low—, followed by the yearly low of 0.5485.

NZD/USD Price Chart – Daily

NZD/USD daily chart

New Zealand Dollar Price This Month

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies this month. New Zealand Dollar was the strongest against the Japanese Yen.

USD EUR GBP JPY CAD AUD NZD CHF
USD 1.09% 0.85% 2.61% 0.85% 1.89% 1.33% 0.56%
EUR -1.09% -0.22% 1.48% -0.24% 0.82% 0.26% -0.53%
GBP -0.85% 0.22% 1.76% -0.02% 1.05% 0.49% -0.30%
JPY -2.61% -1.48% -1.76% -1.70% -0.71% -1.01% -1.90%
CAD -0.85% 0.24% 0.02% 1.70% 1.04% 0.50% -0.29%
AUD -1.89% -0.82% -1.05% 0.71% -1.04% -0.55% -1.33%
NZD -1.33% -0.26% -0.49% 1.01% -0.50% 0.55% -0.78%
CHF -0.56% 0.53% 0.30% 1.90% 0.29% 1.33% 0.78%

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).

Acuity Trading
Trade The World
Acuity Trading ialah fintech berpangkalan di London yang ditubuhkan pada 2013, pakar dalam data alternatif berkuasa AI dan analisis sentimen untuk dagangan dan pelaburan. Mereka merevolusikan pengalaman dagangan dalam talian dengan alat berita dan sentimen visual, dan terus menerajui pasaran dengan data alternatif penjana alfa dan alat dagangan yang sangat interaktif menggunakan penyelidikan serta teknologi AI terkini.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Terokai Lebih Banyak Alat
Akademi Perdagangan
Layari pelbagai artikel pendidikan yang merangkumi strategi perdagangan, wawasan pasaran, dan asas kewangan, semuanya di satu tempat.
Ketahui Lebih Lanjut
Kursus
Terokai kursus perdagangan berstruktur yang direka untuk menyokong pertumbuhan anda di setiap peringkat perjalanan perdagangan anda.
Ketahui Lebih Lanjut
Webinar
Sertai webinar langsung dan atas permintaan untuk mendapatkan wawasan pasaran masa nyata dan strategi perdagangan daripada pakar industri.
Ketahui Lebih Lanjut