NZD/USD keeps marching higher and reaches 0.6900

The New Zealand dollar reaches 0.6900 in a three-day rally.
The kiwi extends gains amid a moderate risk appetite and USD weakness.
NZD/USD aiming towards 0.6925 this week – Westpac.

Guillermo Alcala FXStreet

The New Zealand dollar has surged about 1% against the USD so far on Thursday, to extend its three-day rally from 0.6730 lows to session highs right at 0.6900.

The kiwi appreciates on post-Fed dollar weakness

The US dollar is losing ground across the board, weighed by a pull-back on US bond yields. The Federal Reserve‘s first interest rate hike in more than three years and its plan to gradually normalize monetary policy has failed to provide support to the USD and the US Dollar Index is nearly 0.7% down on the day, testing two-week lows around 97.80.

The NZD has taken advantage of the US dollar's weakness to appreciate further amid a mixed market mood. Investors remain fairly optimistic about the possibility of seeing some progress in the Russia – Ukraine talks and the US equity markets are posting moderate gains after a mixed session in Europe.

Furthermore, the Chinese Government’s pledge to roll out a new economic stimulus program triggered a fresh impulse to the NZD, as China is one of New Zealand’s main trading partners.

NZD/USD aiming towards 0.6925 this week – Westpac

According to FX Analysts at Westpac, the pair might extend towards 0.6925 this week: “NZD/USD retains upward momentum and is poised to test 0.6875 and then 0.6925 during the week ahead (…) While geopolitical risks will restrain the NZD during the weeks ahead, by year-end we target 0.7100+.”

Technical levels to watch

NZD/USD

Overview
Today last price	0.6884
Today Daily Change	0.0046
Today Daily Change %	0.67
Today daily open	0.6838

Trends
Daily SMA20	0.6776
Daily SMA50	0.6729
Daily SMA100	0.6816
Daily SMA200	0.6918

Levels
Previous Daily High	0.6845
Previous Daily Low	0.6741
Previous Weekly High	0.6926
Previous Weekly Low	0.6796
Previous Monthly High	0.681
Previous Monthly Low	0.6565
Daily Fibonacci 38.2%	0.6805
Daily Fibonacci 61.8%	0.6781
Daily Pivot Point S1	0.6771
Daily Pivot Point S2	0.6704
Daily Pivot Point S3	0.6667
Daily Pivot Point R1	0.6875
Daily Pivot Point R2	0.6912
Daily Pivot Point R3	0.6979

Author

Guillermo Alcala

FXStreet

Graduated in Communication Sciences at the Universidad del Pais Vasco and Universiteit van Amsterdam, Guillermo has been working as financial news editor and copywriter in diverse Forex-related firms, like FXStreet and Kantox.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD flatlines below 1.1800 amid trading lull, awaits Fed Minutes

EUR/USD trades around a flatline below 1.1800 in European trading on Tuesday. The pair lacks any trading impetus as the US Dollar moves little amid market caution ahead of the Fed's December Meeting Minutes release, which could offer insights into the Federal Reserve’s 2026 outlook.

GBP/USD retakes 1.3500 despite the year-end grind

GBP/USD finds fresh demand and retakes 1.3500 on Tuesday as markets grind through the last trading week of the year. Despite the latest uptick, the pair is unlikely to see further progress due to the year-end holiday volumes.

Gold holds the bounce on Fed rate cut bets, safe-haven flows

Gold holds the rebound near $4,350 in the European trading hours on Tuesday. The precious metal recovers some lost ground after falling 4.5% in the previous session, which was Gold's largest single-day loss since October. Increased margin requirements on gold and silver futures by the Chicago Mercantile Exchange Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing.

Tron steadies as Justin Sun invests $18 million in Tron Inc.

Tron (TRX) trades above $0.2800 at press time on Monday, hovering below the 50-day Exponential Moving Average (EMA) at $0.2859.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).