NZD/USD holds positive ground above 0.6100, focus on the US data

NZD/USD gains ground above the 0.6100 area on Monday.
The Reserve Bank of New Zealand (RBNZ) is expected to keep its overnight cash rate at 5.50% on Wednesday.
US New Home Sales data on Monday suggested that higher mortgage rates took a bite out of demand in October.
Investors await the US economic data ahead of the RBNZ rate decision.

Lallalit Srijandorn FXStreet

The NZD/USD pair holds above the 0.6100 psychological mark during the early Asian session on Tuesday. The uptick of the pair is bolstered by the US Dollar (USD) weakness. The highlight of this week will be the Reserve Bank of New Zealand (RBNZ) monetary policy meeting on Wednesday. NZD/USD currently trades near 0.6103, gaining 0.07% on the day.

The New Zealand central bank is expected to keep its overnight cash rate at 5.50% for the fourth consecutive meeting on Wednesday, and there is speculation of a future rate cut, although the specific timeframe remains uncertain. Meanwhile, the new Chinese stimulus plan to boost the property sector lends some support to the China-proxy New Zealand Dollar (NZD).

On the USD’s front, the US housing data on Monday suggested that higher mortgage rates took a bite out of demand in October. The Census Bureau and the Department of Housing and Urban Development reported that New Home Sales fell 5.6% MoM to 679K in October, worse than the 725K expected. Meanwhile, the Dallas Fed Manufacturing Index for November came in at -19.9 versus -19.2 prior. That being said, the softer US data weighs on the Greenback and acts as a tailwind for the pair.

Traders will keep an eye on the US data on Tuesday, including the US Housing Price Index, the S&P/Case-Shiller Home Price Indices, CB Consumer Confidence, and the Richmond Fed Manufacturing Index. The attention will shift to the RBNZ interest rate decision on Wednesday. These events could trigger volatility in the market and provide a clear direction for the NZD/USD pair.

NZD/USD

Overview
Today last price	0.6102
Today Daily Change	0.0002
Today Daily Change %	0.03
Today daily open	0.61

Trends
Daily SMA20	0.5969
Daily SMA50	0.5937
Daily SMA100	0.5993
Daily SMA200	0.6091

Levels
Previous Daily High	0.6109
Previous Daily Low	0.606
Previous Weekly High	0.6092
Previous Weekly Low	0.5978
Previous Monthly High	0.6056
Previous Monthly Low	0.5772
Daily Fibonacci 38.2%	0.609
Daily Fibonacci 61.8%	0.6079
Daily Pivot Point S1	0.607
Daily Pivot Point S2	0.6041
Daily Pivot Point S3	0.6021
Daily Pivot Point R1	0.6119
Daily Pivot Point R2	0.6139
Daily Pivot Point R3	0.6168

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

AUD/USD holds firm near 0.7000 after Chinese inflation, trade data

AUD/USD stays firm near 0.7000 in Wednesday’s Asian session, picking up some bids after China's mixed inflation and upbeat trade data. CPI rose less than expected in September, while PPI inflation picked up. Meanwhile, the Chinese trade surplus unexpectedly widened in September. The pair remains underpinned by a broadly subdued US Dollar, despite the Middle East escalation, as focus remains on US CPI data.

USD/JPY consolidates near 158.50; looks to US CPI for fresh impetus

USD/JPY stays range-bound near 158.50 in the Asian session on Wednesday, with looming intervention risks supporting the Japanese Yen and capping upside amid a softer US Dollar. However, geopolitical uncertainties act as a tailwind for the safe-haven USD and the pair. Traders also seem hesitant ahead of the release of the latest US inflation figures.

Gold remains offered below $4,100

Gold adds to the weekly bearish tone and slips back below the $4,100 mark per troy ounce on Wednesday. Indeed, the precious metal continues to suffer the stronger US Dollar and rising US Treasury yields as bets for extra tightening by the Fed remain on the rise following US inflation figures.

XRP recovery faces headwinds despite Ripple and Meritz Securities' tokenization push in Korea

XRP trades above $1.36 as bulls gather momentum to face a critical supply range toward $1.40. Ripple and Meritz Securities partner to explore institutional custody and tokenization services for South Korea’s capital markets.

China's rare earth leverage has an expiration date: November 10. Here's what Beijing is deciding

China is approaching a major strategic deadline in its trade confrontation with the United States (US). On November 10, the suspension of additional rare earth export restrictions Beijing announced in October 2025 is set to expire.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?