NZDUSD Live Chart | New Zealand dollar to Dollar Chart | IFCM Tanzania
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New Zealand dollar to Dollar Chart and Prices Today

NZDUSD Live Chart

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NZD/USD Technical Analysis

The technical analysis of the NZDUSD price chart on 1-hour timeframe shows NZDUSD,H1 has breached above the 200-period moving average MA(200) after rebound following a retreat from nine-day high two days ago. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.59208. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.58952. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - NZD/USD

New Zealand retail spending fell in June quarter. Will the NZDUSD price retreat?

New Zealand retail spending rose in first quarter. The Statistics New Zealand reported retail sales were up 0.8% quarter over quarter in three months to March after an upwardly revised 1% growth in the previous quarter when a 0.1% increase was expected. The total value of seasonally adjusted retail sales was $31 billion, up 1.5 percent ($464 million). The total value of actual retail sales was $30 billion, up 1.4 percent ($471 million), compared with the March 2024 quarter. The largest contributors to the rise were motor vehicle and parts retailing (+3.1%), pharmaceutical and other store-based retailing (+3.7%), and clothing, footwear, and personal accessories (+3.2%). Higher than expected New Zealand consumer retail spending is bullish for the New Zealand dollar and hence the NZDUSD pair.

IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Buy
Fractals Neutral
Parabolic SAR Buy
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NZD USD News

NZD/USD Drops on Rate Cut Talk

NZD/USD Drops on Rate Cut Talk

The fact that the market is pricing in rate cuts by the RBNZ (Reserve Bank of New Zealand) is putting downward pressure on...

10/7/2024
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