NZD/USD clings to modest daily gains near 0.6670 ahead of US data

  • Business NZ PMI improves slightly in June, misses expectations.
  • US Dollar Index continues to move sideways near the 97 handle.
  • Coming up: Producer Price Index data from the U.S. 

The NZD/USD pair inched higher toward the 0.67 handle earlier in the day but, once again, lost its momentum before testing that level. As of writing, the pair was trading at 0.6670, adding 0.15% on a daily basis.

The pair seems to be taking advantage of the selling pressure surrounding the greenback. Despite a modest recovery attempt following yesterday's inflation report, the US Dollar Index is having a difficult time gaining traction. Ahead of the Producer Price Index data to be released in the early trading hours of the American session, the DXY is posting small losses at 97.

Earlier today, the data published by the Business NZ showed that the business activity in June expanded at a more robust pace than expected with the headline PMI improving to 51.3 from 50.2. However, this reading fell short of the market expectation of 53.1 but didn't have a negative impact on the kiwi.

Meanwhile, the data from China revealed that the trade surplus in June widened to $50.98 billion to beat the analysts' estimate of $44.65 billion and helped antipodeans gather strength against its rivals.

Technical levels to watch for


Today last price 0.6668
Today Daily Change 0.0007
Today Daily Change % 0.11
Today daily open 0.6661
Daily SMA20 0.6601
Daily SMA50 0.6589
Daily SMA100 0.6698
Daily SMA200 0.6711
Previous Daily High 0.669
Previous Daily Low 0.6635
Previous Weekly High 0.6728
Previous Weekly Low 0.6602
Previous Monthly High 0.6722
Previous Monthly Low 0.6487
Daily Fibonacci 38.2% 0.6669
Daily Fibonacci 61.8% 0.6656
Daily Pivot Point S1 0.6634
Daily Pivot Point S2 0.6607
Daily Pivot Point S3 0.6579
Daily Pivot Point R1 0.6689
Daily Pivot Point R2 0.6717
Daily Pivot Point R3 0.6744



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 remains depressed but off daily lows

The EUR/USD pair is recovering from a daily low of 1.1216, although holding in negative territory for the day. US preliminary Michigan Consumer Sentiment Index improved by less-than-anticipated in July, coming in at 98.4 vs. the 98.5 expected.


GBP/USD trading marginally lower daily basis but above 1.2500

The Pound gave back some of its Thursday’s gain on dollar’s relief. The GBP/USD pair broke a daily descendant trend line coming from June’s high and holds above it, leaving little room for sellers to act.


USD/JPY: bears pausing, still in control

Japanese National Inflation steady at 0.7%YoY in June. US Michigan Consumer Sentiment Index expected at 98.5 in July. USD/JPY corrective advance falling short of signaling an interim bottom in place.


Gold consolidates around $ 1440, eyes US data for fresh direction

Gold (futures on Comex) extends its side-trend around the 1440 mark into the mid-European session, having stalled its retreat from 2019 highs of 1454 near 1437 region.

Gold News

Something has spooked the Fed

We wish we knew what it is. Wild talk of the US joining Japan and Europe with zero or negative return on the 10-year is or should be very frightening.

Read more