NZD/USD Price Forecast: Kiwi dips below 0.5900 in risk-off markets
Ni Guillermo Alcala
Na-update: 3 Jun 2026
Sikat na Artikulo
The New Zealand Dollar (NZD) depreciates for the third consecutive day against a stronger US Dollar (USD) on Wednesday, hitting lows below 0.5900.
- NZD/USD extends losses for the third consecutive day and hits fresh lows below 0.5900.
- Geopolitical tensions and solid US data have offset the Impact of bright Chinese services activity.
- The pair is under growing bearish pressure with the late May low, at 0.5865, in sight.
The New Zealand Dollar (NZD) depreciates for the third consecutive day against a stronger US Dollar (USD) on Wednesday, hitting lows below 0.5900. The Kiwi is showing the weakest performance among major currencies with tensions between the US and Iran crushing risk appetite, and US data endorsing expectations of Federal Reserve (Fed) rate hikes.
The US military targeted Iran’s Qeshm Island following attacks from Iran that produced significant damage and several wounded people at Kuwait’s International Airport. Beyond that, Al Jazeera news agency has reported an Israeli attack on the outskirts of Beirut, which puts the fragile ceasefire under significant pressure.
Geopolitical woes have offset the positive impact of the bright Chinese Services Purchasing Managers’ Index (PMI) seen earlier on Wednesday. In the US, the strong manufacturing activity and job opening reports seen in previous days add to the case for Fed tightening later this year, and provide additional support to the US Dollar.
Technical Analysis: Kiwi comes under growing pressure
NZD/USD trades at 0.5896 after breaking support at the 0.5910 area earlier on Wednesday, which confirms the bearish near-term bias. The 4-hour Relative Strength Index (RSI) extends its decline below 40, and the Moving Average Convergence Divergence (MACD) slips deeper into negative territory, both hinting at growing downside pressure.
On the downside, immediate support is seen at the May 28 low, in the area of 0.5865. Further down, the area between 0.5815 and 0.5830, which held bearish attempts several times in late April and May, is likely to provide support ahead of the April 12 low, in the 0.5700 area.
Upside attempts, on the other hand, might find resistance at the previous support area right above 0.5800 and at Tuesday's top, around 0.5850, ahead of the May and June highs, in the 0.5990 area.
(The technical analysis of this story was written with the help of an AI tool.)
New Zealand Dollar Price Today
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.14% | 0.12% | -0.06% | 0.11% | 0.21% | 0.50% | 0.24% | |
| EUR | -0.14% | -0.03% | -0.20% | -0.04% | 0.07% | 0.33% | 0.10% | |
| GBP | -0.12% | 0.03% | -0.17% | -0.02% | 0.09% | 0.35% | 0.13% | |
| JPY | 0.06% | 0.20% | 0.17% | 0.15% | 0.25% | 0.49% | 0.29% | |
| CAD | -0.11% | 0.04% | 0.02% | -0.15% | 0.11% | 0.38% | 0.14% | |
| AUD | -0.21% | -0.07% | -0.09% | -0.25% | -0.11% | 0.26% | 0.01% | |
| NZD | -0.50% | -0.33% | -0.35% | -0.49% | -0.38% | -0.26% | -0.22% | |
| CHF | -0.24% | -0.10% | -0.13% | -0.29% | -0.14% | -0.01% | 0.22% |
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).
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