The NZD/USD found some soft support for Tuesday's trading session, putting in a daily floor near 0.5998, but bullish momentum remains limited and the
The NZD/USD is seeing small gains on Tuesday, but is struggling to climb over near-term resistance. The Kiwi is getting knocked back from 0.6040 after building a floor from the 0.6000 handle. With the economic calendar anemic on the Kiwi side, market direction will be determined by US inflation figures this week. Kiwi is struggling to find a foothold above 0.6040 against the US Dollar .
6050 handle remains the level to clear before the pair can claim new six-week highs, with the 50-day Simple Moving Average now providing technical support from 0.5950, with technical resistance from the 200-day Simple Moving Average sitting just below 0.6175. Despite a near-term rebound from 2023's lows near 0.5850, the Kiwi remains firmly loweragainst the US Dollar for the year, down nearly 6% from the last meaningful swing high at July's peak near 0.6410, and in the red over 7.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD struggles to capitalize on its modest intraday bounce, remains below 0.6000 markThe NZD/USD pair attracts some buyers near the 0.5960 region during the Asian session on Monday and fills a modest weekly bearish gap opening, albeit
Read more »
NZD/USD looks to approach 0.5950, Greenback recovers on risk-off moodNZD/USD halts the three-day winning streak, trading in the negative territory near 0.5970 during the European session on Monday. The pair is facing do
Read more »
NZD/USD Price Analysis: Corrects from 0.6000 as Middle East tensions triggers risk-off moodThe NZD/USD pair turns sideways below the psychological resistance of 0.6000 as tensions deepening in the Middle East over the Israel-Hamas crisis hav
Read more »
NZD/USD looks to approach 0.6050 due to weaker US DollarNZD/USD continues the winning streak that began on Wednesday, trading in the positive territory near 0.6030 during the Early Asian session on Tuesday.
Read more »
NZD/USD: Further upside in store above 0.6045 – UOBNZD/USD needs to clear the 0.6045 region to allow for a potential advance to the 0.6100 zone, note UOB Group’s Economist Lee Sue Ann and Markets Strat
Read more »
NZD/USD Price Analysis: Remains below two-week high amid modest USD strengthThe NZD/USD pair reverses an intraday dip to levels just below the 0.6000 psychological mark and turns neutral during the first half of the European s
Read more »