This NZDUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
NZDUSD Analysis & Live Chart
NZDUSD Fundamental Analysis
Bloomberg—The New Zealand dollar dropped to about $0.594 on Monday, continuing its decline from the previous day. This was due to the strengthening US dollar, which rose as US-China trade tensions showed signs of easing.
Despite this, Chinese manufacturers are reportedly slowing down production and exploring new markets due to US tariffs, causing a drop in orders and affecting jobs. While these disruptions aren’t widespread yet, they could negatively impact New Zealand’s exports, as China is a key trading partner.
Additionally, expectations of further monetary stimulus from the Reserve Bank of New Zealand are putting more pressure on the Kiwi. The markets are anticipating a 25-basis-point rate cut at the RBNZ’s May meeting, with rates possibly hitting 2.75% by the end of the year.
NZDUSD Technical Analysis
FenzoFx—The NZD/USD currency pair rose as high as $0.6035, a robust resistance level backed by the November 7, 2024 high. As of this writing, NZD/USD trades at approximately $0.6045, slightly below the resistance level.
The primary trend is bullish, but the pair is encountering a strong resistance zone. Furthermore, the Stochastic and RSI-14 indicators signal overbought conditions, indicating that the New Zealand Dollar is overpriced relative to the U.S. dollar.
From a technical standpoint, a consolidation phase could emerge, targeting lower support levels if NZD/USD remains below the $0.6035 resistance. In this scenario, the currency pair has the potential to dip toward 0.5944, followed by 0.5855.
NZDUSD Support and Resistance Levels
| Support | 0.5944 | 0.5855 | 0.5632 |
| Resistance | 0.6035 | 0.6109 |
Market Trends Through Technical Indicators
The widget below calculates NZD/USD trends using multiple indicators, such as moving averages and oscillators. It allows you to easily review market trends across various timeframes.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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