• NZD/USD climbed from a low of 0.6203 last week to regain the 0.63 handle.
  • Looking ahead for the week, we have a number of key events for the US.

NZD/USD is currently trading between a 21 pip range, currently at 0.6319 between a high of 0.6321 and 0.6300 having taken on the 21-DMA. The bird has been recovering purely as the US Dollar. continues to weaken. 

NZD/USD climbed from a low of 0.6203 last week to regain the 0.63 handle as the DXY slid over 1% since the start of the month. Of course, the US data has been a weight on the US Dollar and Friday's Nonfarm Payrolls did little to help the greenback's cause. 

"Kiwi continued to find lift as the USD fell more broadly once again," analysts at ANZ Bank explained. "Despite US labour data providing support for overall economic momentum, expectations for cuts at the October FOMC meeting were little changed as Fed Chair Powell acknowledged that the US economy faced risks. Expect offshore data to drive the kiwi in the short term."

US unemployment rate hit a cyclical low of 3.5%

September US non-farm payrolls fell short of market expectations, rising by 136k from an upwardly revised 168k in August.

"The US unemployment rate hit a cyclical low of 3.5% in September, from 3.7% in August, and is now at a level not seen since December 1969. Meanwhile, US average hourly earnings missed expectations and came in unchanged in September (surveys expected a 0.2% m/m gain). On a yearly basis, average hourly earnings decelerated to 2.9% and are now at their lowest level since mid-2018,"

the analysts at ANZ bank explained. 

Looking ahead for the week, we have a number of key events for the US, including Fed governor Powell, speaking, the FOMC minutes and US consumer Price Index

NZD/USD levels

A run above the 21-DMA opens risk to the Sep highs a cent higher and beyond the 50-DMA. On the downside, the 0.62 handle to open up the downside and risk to 2009 levels.


Today last price 0.6317
Today Daily Change 0.0000
Today Daily Change % 0.00
Today daily open 0.6317
Daily SMA20 0.6325
Daily SMA50 0.6392
Daily SMA100 0.6506
Daily SMA200 0.6634
Previous Daily High 0.6338
Previous Daily Low 0.6296
Previous Weekly High 0.6338
Previous Weekly Low 0.6204
Previous Monthly High 0.6452
Previous Monthly Low 0.6249
Daily Fibonacci 38.2% 0.6322
Daily Fibonacci 61.8% 0.6312
Daily Pivot Point S1 0.6296
Daily Pivot Point S2 0.6275
Daily Pivot Point S3 0.6253
Daily Pivot Point R1 0.6338
Daily Pivot Point R2 0.636
Daily Pivot Point R3 0.6381



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD looks heavy after Friday's bearish outside day

EUR/USD risks reporting losses on Monday, having charted a bearish outside day candlestick pattern on Friday. The dollar will likely remain bid with markets no longer expecting the Fed to cut rates before the November 2020 Presidential Elections.


GBP/USD recovers Friday’s losses to 1.3150 as Tories top UK election polls

GBP/USD keeps the recovery mode intact near 1.3150 while heading into the London open on Monday. The spot seems to cheer the Tory lead in all the polls for this week’s UK election. 


Forex Today: US dollar buoyed by NFP, trade jitters ahead of a Big week

Forex today experienced a sense of caution in Asia this Monday, as Sunday’s dismal Chinese trade data combined with looming US Dec. 15 tariffs overshadowed the latest trade optimism. 

Read more

Gold: Sidelined after biggest daily decline in four weeks

Gold is lacking a clear directional bias in Asia, having registered its biggest single-day decline in four weeks on Friday. China's data may embolden President Trump to take more aggressive measures. 

Gold News

USD/JPY treads water around 108.60 ahead of a Big week

USD/JPY keeps its range around 108.60, as the yen bulls look to take advantage of upbeat Japanese Q3 data. Further, negative Treasury yields and S&P 500 futures weigh down on the spot. All eyes on FOMC and Trump's Dec. 15 tariffs.