NZD/USD forecast for today by Traders Union analysts
The New Zealand dollar / US Dollar currency pair belongs to the group of the major currency pairs. The pair enjoys moderate popularity among Forex investors and traders. Traders Union experts prepare an analytical NZD/USD price prediction daily so that each trader could find the latest information on the NZD/USD price performance and also study the NZD/USD price chart online. The forecast is based on the technical analysis of the Forex market.
NZD/USD also bought on decline
26.04.2024
The New Zealand dollar was bought against the U.S. dollar on decline to 0.9920 support and bulls are now trying to return it to 0.5965 resistance. Its breakout will provide the New Zealand dollar a growth toward the psychological 0.6000 level, where selling is possible. The growth of the U.S. RCE index may provoke the pair's fall toward 0.5890-0.5880.
NZD/USD is under moderate pressure after a rise
25.04.2024
The decline of the New Zealand dollar against the U.S. dollar from 0.5995 resistance was stopped by 0.5920 support, but it remains under pressure, against which attempts to rise are limited by 0.5940 resistance, indicating risks of decline to at least the 59th figure. Passing 0.5940 will increase the chances of passing 0.5950 and a growth toward 0.5970-0.5990.
NZD/USD tested 0.5946
24.04.2024
Another pullback of the New Zealand dollar against the U.S. dollar to 0.5905 support was also used for buying. This time, bulls broke 0.5930 resistance and tested the level of 0.5946, but failed to break it right away. Attempts to break above are possible, but we can't talk about the reversal of the downtrend at this stage, and the growth of the New Zealand dollar can be used for selling.
NZD/USD maintains a positive sentiment
23.04.2024
The New Zealand dollar is also trying to continue its recovery against the U.S. dollar. Having established 0.5900 support, it rose to 0.5920 resistance, which currently holds back the bullish pressure, but bulls may test the 0.5930 resistance level in the short term.The New Zealand dollar's continued recovery may depend on the performance of the stock markets, but it will remain in a vulnerable position. The loss of support will lead to a decline toward 0.5880-0.5870.
NZD/USD returned to 0.5900, where the pair continues to be sold
22.04.2024
The New Zealand dollar was sold against the U.S. dollar on the decline to support at 0.5855, bringing it back to resistance near the 59th figure, but failed to deter bears who persist in selling the New Zealand dollar on the rise. Consequently, the risks of retesting the aforementioned support remain substantial. Breaking resistance will propel a growth toward 0.5930.
NZD/USD failed to break 0.5930 resistance
19.04.2024
The opportunity to sell the New Zealand dollar against the U.S. dollar at a better price arose due to a pullback toward 0.5930 resistance. Thus, the New Zealand dollar may again decline toward support at 0.5870-0.5860. Breaking resistance will lead to a growth toward 0.5950-0.5960. In the short term, consolidation of the pair within the current range is possible.
New Zealand dollar/US dollar sees moderate demand
18.04.2024
After unsuccessful attempts to break 0.5870 support in the USD/NZD pair, bears on the New Zealand dollar are locking profits on short positions, causing it to rise to resistance at 0.5925, which currently successfully holds back bullish pressure. The prospects for the pair remain negative, with risks of breaking the current support and declining toward 0.5850-0.5830 prevailing, while breaking the current resistance will lead to a growth toward 0.5950.
New Zealand dollar/US Dollar testing the support level at 0.5875
17.04.2024
While the U.S. dollar enjoys demand, its New Zealand counterpart has dropped toward the support level of 0.5875, with its pullbacks at this stage limited by the resistance level of 0.5895. According to Fed Chair Jerome Powell’s statements, the Federal Reserve will not rush to cut interest rates, which will provide support to the U.S. dollar, causing the New Zealand dollar to continue declining toward the level of 0.5830-0.5800; passing the resistance level of 0.5895 will lead to a growth toward 0.5910-0.5930.
Kiwi/dollar broke support at 0.5930
16.04.2024
The New Zealand dollar sold off for the US dollar on a pullback to resistance near 0.5950. After breaking support near 0.5930, the kiwi declined to 0.5902; next, bears may test 0.5865 support. A break of 0.5930 will lead to an upside towards 0.5950/60. The Kiwi/dollar outlook looks negative, and upside attempts could be used for selling.
Kiwi/dollar also ended the week with a fall
15.04.2024
On Friday, the New Zealand dollar was sold for the US dollar from resistance near the 0.6010 level, as a result of which support at 0.5970 was broken and the 0.5928 level was tested, where the weekly close took place, which indicates downside risks in the direction of 0.5900-0.5870. A passage of 0.5960 will lead to growth in the direction of 0.5990-0.6000.
Kiwi/dollar in a range
12.04.2024
The bears on the New Zealand dollar are trying to push it below the support around 0.5970 in the pairing with the US dollar, but they are not yet able to absorb buying interest from this level, while the bulls are unable to absorb selling interest from the 0.6010 level, which indicates the risks of breaking the support and falling towards 0.5950-0.5930. A break of resistance will lead to a rise towards 0.6025-0.6040, where the kiwi could sell again.
Kiwi/dollar is also selling off
11.04.2024
After testing resistance around 0.6080, the New Zealand dollar, under selling pressure for the USD, broke support around 0.6050 and collapsed towards 0.5970 support. Next, bears may test 0.5940-0.5920 support; pullbacks towards 0.6000-0.6010 could be used for selling.
Kiwi/dollar pending RBNZ decision
10.04.2024
Buying the New Zealand dollar against the US dollar contributed to the breakdown of resistance around 0.6045 and growth to the level of 0.6076, after which the pair rolled back to the support at 0.6050. The RBNZ is likely to leave the interest rate level unchanged, but soft comments may trigger the kiwi selling and its decline towards 0.6020-0.6000; the intention to hold the current rate level for a longer period may contribute to a rise towards the 61 figure.
Kiwi/dollar maintains a positive bias
09.04.2024
Purchases of the New Zealand dollar against the US dollar from the psychological level of 0.6000 led to its growth to the resistance of 0.6035. Until the release of the US CPI, the pair may fluctuate between support at 0.6000-0.5990 and resistance at 0.6050-0.6070. Tomorrow, the RBNZ will announce its decision on the interest rate level, which may affect the pair's future dynamics.
Kiwi/dollar returned to 0.6020 after a fall
08.04.2024
The New Zealand dollar bought the US dollar on the decline to support near 0.5990, but buying from that level brought the pair back to resistance at 0.6020. Growth attempts may still attract selling interest; a break of the current resistance will test the stronger resistance at 0.6045, from which the pair's selling is possible.
Kiwi/dollar retreated from yesterday's high to support at 0.8020
05.04.2024
Against the backdrop of buying from the support at 0.6030, the New Zealand dollar tried to break through the resistance at 0.6045 in the pair with the US dollar, but all attempts were unsuccessful, and due to renewed selling, the kiwi declined to the support at 0.6020. The release of weak data on the US labor market may contribute to the resumption of the assault on the above resistance; strong data may lead to a decline to 0.6000-0.5980.
Kiwi/dollar moves higher
04.04.2024
As a result of the continued recovery in the pair with the US dollar, the New Zealand dollar broke through the resistance around 0.5975 and moved up to the level of 0.6010. Breaking the resistance at 0.5990 increases the chances of growth towards 0.6020-0.6030; pair sales are possible on the way to these levels. Loss of 0.5975 support will lead to a decline towards 0.5960-0.5945.
Kiwi/dollar pulled back to the resistance at 0.5970
03.04.2024
The New Zealand dollar found support near 0.5940 in the pair with the US dollar and, after its testing, rose to resistance at 0.5970. The pullback is taking place within the current downtrend, so the risks of resumption of the decline remain; passing the resistance will lead to growth to 0.5990-0.6000.
Kiwi/dollar is also selling off
02.04.2024
The New Zealand dollar did not escape selling for the US dollar either. After breaking the support at 0.5970, it declined to the support at 0.5940, which the bears failed to break. Nevertheless, the near-term outlook for the kiwi looks negative, and bears may test 0.5920-0.5900; breaking 0.5970 as resistance will lead to a rise towards 0.5990.
Kiwi/dollar trades below 0.6000
01.04.2024
Having bounced from the 0.5960 level to resistance around 0.5990 in the US Dollar pairing, the New Zealand Dollar remained within this range on Friday amid further reduced volatility. Risks of resuming its decline remain high; a breach of the psychological 0.6000 level would lead to an upside towards 0.6020/30, where the Kiwi could sell off again.
Kiwi/dollar moves lower
29.03.2024
The New Zealand dollar failed to resist the onslaught of bears, and after breaking the support around 0.5990, which is paired with the US dollar, it declined towards 0.5958 at the moment. Its outlook remains negative; next, bears may test the 0.5940-0.5910 support; breaking 0.5990 will lead to an upside toward 0.6010/20. On pullbacks, resumption of selling is possible.
Kiwi/dollar remains in a vulnerable position
28.03.2024
The New Zealand dollar, in pair with the US dollar, remains in a vulnerable position. The bears do not leave attempts to break the support around 0.6000-0.5990, but in the conditions of low market activity, their efforts, if they can be called so, have not resulted in anything. Nevertheless, the risks of breaking this support and falling towards 0.5970-0.5950 remain high; passing 0.6010 will allow the bulls to test the resistance around 0.6030.
Kiwi/dollar also sold off on an upside pullback
27.03.2024
The breakthrough of resistance near 0.6010 by the bulls on the New Zealand dollar in the pair with the US dollar allowed them to test the resistance at 0.6030, after which it declined to the support near the psychological level of 0.6000. Thus, the risks of breaking the support at 0.5990 and declining towards 0.5950 remain high; passing the resistance will lead to a rise towards 0.6050/60.
Kiwi/dollar consolidates in a narrow range
26.03.2024
After falling to the support near 0.5990 in the pair with the US dollar, the New Zealand dollar rolled back to the resistance at 0.6010. At this stage, the pair is consolidating in this range, with risks of a break of support and a decline towards 0.5970-0.5950 remaining high; a break of resistance would lead to a rise towards 0.6040-0.6060, but upside attempts could attract fresh selling interest.
Kiwi/dollar remains under selling pressure
25.03.2024
The New Zealand dollar's sell-off against the US dollar led to a break of support near 0.6039 and a decline towards 0.5990 support. Next, bears may test the support at 0.5970-0.5950; breaking the resistance at 0.6020 will lead to a rise towards 0.6050, where selling of the pair is possible. At the moment, its prospects look negative.
The kiwi/dollar returned to support at 0.6040
22.03.2024
The attempt of the New Zealand dollar bulls to break through the resistance around the 61st figure in the pair with the US dollar failed, and amid renewed selling, the kiwi declined to the support at 0.6040/30. The outlook for the kiwi/dollar remains negative, but moderate bullish activation is possible from current levels.
Kiwi/dollar recovers from the fall
21.03.2024
Taking advantage of the weakness of the US dollar, the New Zealand dollar broke through the resistance around 0.6055 and rose to 0.6085. Its rise can still be used for selling, which does not exclude the bulls from testing the resistance around the 61st figure.
Kiwi/dollar continued to decline
20.03.2024
The New Zealand dollar is also declining against the US dollar, as a result of which support around 0.6080 was broken and 0.6035 support was tested. Pullbacks are currently limited by the resistance at 0.6055, below which the risks of support breakdown and decline towards 0.6000 prevail; passing the resistance will allow testing 0.6075-0.6090.
Kiwi/dollar tested 0.6080
19.03.2024
The New Zealand dollar declined yesterday to support around 0.6080 in pair with the US dollar. The pair's dynamics in the near term may depend on the dynamics of the Aussie/Kiwi cross rate after the Reserve Bank of Australia's decision. The growth of the cross will favor the Kiwi/dollar, while the fall of the cross will favor the Kiwi/dollar.
Kiwi/dollar continues to decline
18.03.2024
The New Zealand dollar remained under selling pressure on Friday, against which it tested support near 0.6085. The support at 0.6050-0.6030 may be tested next; passing the resistance at 0.6110 will lead to growth towards 0.6130-0.6140.
NZD/USD chart
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Why is it important to know NZD/USD price prediction?
Research conducted by Traders Union experts shows that the NZD/USD pair accounts for around 7% of all currency exchange transactions in the Forex market. This indicates that the pair enjoys popularity among Forex traders and is a desired asset with moderate level of volatility, thanks to which you can use it to grow your capital at a minimum risk. The pair is informally called Kiwi / Dollar by traders in the Forex market and exchanges, since the Kiwi bird is depicted on the one-dollar coin of News Zealand. Kiwi is also a symbol of New Zealand. NZD is the base currency in the New Zealand dollar / US dollar pair.
FAQ
1
What is the NZD/USD price prediction based on?
The daily NZD/USD price prediction is based on the
technical analysis of the Forex market. Traders Union analysts also take into consideration many factors, including historical data on the pair, when making their NZD/USD forecasts.
2
What is technical analysis in the Forex market?
Technical analysis is a method where you can use such instruments as
indicators, patterns, and support and resistance levels to predict the movement of the currency price. In addition to standard instruments, also historical data on the currency pairs and possible models of conduct of Forex traders are taken into account.
3
Can the NZD/USD price prediction be trusted?
The daily NZD/USD price predictions are made by experienced financial experts and therefore they can be used as an analytical base for trading in the Forex market. However, one needs to keep in mind that the Forex market performance may be impacted by unplanned external financial and economic factors or force majeure events that you need to take into account in your trading strategy.
4
What impacts New Zealand dollar price against the US dollar
The NZD/USD price depends on the following factors:
- Internal events at the New Zealand Exchange;
- Policies of the Reserve Bank of New Zealand and the U.S. Fed;
- Dynamics of export-import transactions between the U.S. and New Zealand;
- Inflation in New Zealand and the U.S.;
- Statements of New Zealand and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.
- Internal events at the New Zealand Exchange;
- Policies of the Reserve Bank of New Zealand and the U.S. Fed;
- Dynamics of export-import transactions between the U.S. and New Zealand;
- Inflation in New Zealand and the U.S.;
- Statements of New Zealand and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.