NZD/USD trims losses as it rebounds from 11-day lows

  • NZD/USD is down for the third-day in-a-row, holds bearish bias. 
  • New Zealand Dollar among worst performers despite higher equity prices in Wall Street. 

The NZD/USD pair dropped further and bottomed at 0.6332, the lowest level since October 17. During the last hour it moved off lows and as of writing trades at 0.6345, modestly lower for the day, on its way to the third consecutive slide. 

The Kiwi is also lower against commodity and main European currencies despite the improvement in risk sentiment supported by optimism around US/China trade talks. Market activity will return to normal on Tuesday after today’s holiday. 

The DOW JONES is up 0.42% while the NASDAQ gains 0.92%. US yields are rising further with the 10-year now at 1.86%, the highest since September 16. Yields contribute to strengthen the USD/JPY. The Japanese Yen and the Kiwi are both down across the board. 

Technical outlook 

Price continues to move within a descendant short-term channel with the upper limit at 0.6355/60;  a break higher will likely ease the bearish pressure. On the downside, 0.6330 (lower limit) could offer support during the American session; if it drops below the slide could gain momentum; below the next support, level might be seen at 0.6318, 0.6300 and 0.6280.


Today last price 0.6336
Today Daily Change -0.0013
Today Daily Change % -0.20
Today daily open 0.6349
Daily SMA20 0.6325
Daily SMA50 0.6343
Daily SMA100 0.6474
Daily SMA200 0.6603
Previous Daily High 0.6388
Previous Daily Low 0.6347
Previous Weekly High 0.6437
Previous Weekly Low 0.6347
Previous Monthly High 0.6452
Previous Monthly Low 0.6249
Daily Fibonacci 38.2% 0.6363
Daily Fibonacci 61.8% 0.6373
Daily Pivot Point S1 0.6335
Daily Pivot Point S2 0.632
Daily Pivot Point S3 0.6293
Daily Pivot Point R1 0.6376
Daily Pivot Point R2 0.6403
Daily Pivot Point R3 0.6418



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

GBP/USD consolidates losses below 1.3150 amid a tighter election poll

GBP/USD is trading below 1.3150, consolidating its losses after YouGov's MRP poll showed a tighter Conservative majority ahead of the UK elections on Thursday. Trade headlines and the Fed decision are also awaited.


EUR/USD remains pressured below 1.11 amid trade uncertainty, ahead of the Fed

EUR/USD is trading below 1.11, consolidating its gains. Uncertainty about the planned US tariffs on China looms and tension is mounting ahead of US inflation and the all-important Fed decision.


Forex Today: Boris gets a blow from big poll, tariff threat looms, focus on the Fed

President Donald Trump has yet to decide on the December 15 tariffs, according to the Wall Street Journal. On the other hand, the paper says that negotiators are laying the groundwork for a deal.

Read more

Gold stalls two-day winning streak on the Fed day, trade jitters continue

Gold prices register a mild loss of -0.05% while hovering below $ 1465 on Wednesday. The yellow metal seems to have lacked buying interest ahead of the key monetary policy meeting by the US Federal Reserve (Fed).

Gold News

USD/JPY: 200-hour EMA questions immediate rising trend-channel

USD/JPY recently took a U-turn from 200-hour Exponential Moving Average (EMA). Even so, it stays well within the two-day-old rising trend-channel formation. The pair trades around 108.75 at the press time on Wednesday.