NZDUSD Live Chart | New Zealand dollar to Dollar Chart | IFCM South Africa
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New Zealand dollar to Dollar Chart and Prices Today

NZDUSD Live Chart

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NZD/USD Technical Analysis

The technical analysis of the NZDUSD price chart on 4-hour timeframe shows NZDUSD,H4 is rising above the 200-period moving average MA(200) as it rebounded following a retreat to five-year low four sessions ago. RSI indicator is in overbought zone. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.59369. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.58214. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex - NZD/USD

Food prices inflation accelerated in New Zealand. Will the NZDUSD price rebound persist?

Food prices inflation accelerated in New Zealand in March: the Food Price Index (FPI), reflecting the change in the price of food and food services purchased by households in New Zealand, jumped 3.5% over year in March, up from 2.4% in February. It is the highest inflation rate in the last 13 months. Grocery food, and meat, poultry, and fish categories drove the increase, with prices up 5.1% and 5.3%, respectively. Food prices index rose 0.5% over month after 0.5% decline in February. Accelerating New Zealand food prices inflation in bullish for New Zealand dollar and NZDUSD pair.

IndicatorSignal
RSI Sell
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy
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NZD USD News

NZD/USD Drops on Rate Cut Talk

NZD/USD Drops on Rate Cut Talk

The fact that the market is pricing in rate cuts by the RBNZ (Reserve Bank of New Zealand) is putting downward pressure on...

10/7/2024
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