New Zealand Dollar to US Dollar Signals and Price Predictions

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Start Trading NZD/USD
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eToro - Best Broker to Trade NZD/USD

NZD/USD is a currency pair that belongs to the majors, although some analysts consider it an exotic pair. The instrument closely correlates with AUD/USD, another major pair, thanks to close economic ties, similar structure of the budget and geography. The pair accounts for 4-5% of the Forex trading volume. The Pacific session is the best time to trade NZD/USD.

1

Recommendation for NZD/USD on the 15M timeframe is Neutral.

2

Recommendation for NZD/USD on the 1H timeframe is Strong Buy.

3

Recommendation for NZD/USD on the 1D timeframe is Neutral.

In 2011 and 2014, NZD/USD prices set an all-time record approaching a parity. Ever since then, the NZD price has been dropping. Some analysts believe that the price of the New Zealand dollar has already reached its low, although technical analysis shows that the currency hasn’t hit its bottom yet. Will the New Zealand dollar continue to devalue? Or will the price show at least a medium-term deep correction?


In our article, you will be able to learn the latest price forecasts and signals on the NZD/USD currency exchange rate for 1 hour-1 week. NZD/USD forecasts and signals are based on the technical analysis indicators.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.

NZD/USD forecast for 1 day, 1 week, 1 month

NZD/USD forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out NZD/USD price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the NZD/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Best Broker Recommended for Trading NZD/USD

Suitable for those who want to earn a profit from price fluctuations.

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Best Broker Recommended for Holding NZD/USD

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Indicator Based Technical Analysis of NZD/USD

To find a better entry point, also find out what TradingView technical analysis tool signals for the New Zealand Dollar to US Dollar currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

NZD/USD Chart Online

What Influences NZD/USD Long-term Price Forecast

New Zealand is a commodity country and NZD/USD is a commodity pair. Prices for energies, agricultural products and metals are the key factors influencing the quotes. The country is also the largest exporter of sheep wool.


Key factors impacting the NZD/USD price:

  • Macroeconomic statistics: statistical indicators of the U.S. and New Zealand. The price reacts the strongest to monthly and quarterly U.S. statistics: Non-Farm Payrolls, changes in discount rates, inflation, etc.
  • International relations. Trading partners of New Zealand include Australia, Japan and other countries in the Asian region. Increase in exports strengthens the national currency. The U.S. trade balance has a similar impact on the price.
  • Geopolitics, condition of global economy. During periods of stagnation, speculative investors withdraw money from foreign assets. The U.S. economy is more stable, which is why the NZD price drops against the U.S. dollar in these cases.

The seasonal factor has a small impact on the currency price, for example inflow of tourists, which increases a short-term demand for the New Zealand dollar.

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Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

Is the NZD/USD pair suitable for novice traders?

Yes, but it depends on the strategy. On short-term time frames, the pair shows relatively stable trend movements with a volatility lower than average. For comparison: the average 10-week volatility of NZD/USD is 100-110 pips, EUR/USD – 120-130 pips. Nonetheless, due to limited access to macroeconomic statistics, trading on time frames lower than H1 is not advised.

What are the best strategies for trading NZD/USD?

Intraday strategies on H1-H4 time frames: support/resistance breakout trading strategies, channel strategies, trend strategies and swing trading. Correlation strategies can also be used. The NZD/USD pair has the highest correlation with AUD/USD at around 89%, and negative correlation with the USD/CAD pair (around 88%).

How much can you make by trading NZD/USD?

It depends on your strategy, deposit and time spent trading. The most frequent case is trading NZD/USD as an additional instrument, with the main income earned on more volatile and liquid pairs. The annual percentage yield for novice traders in case of combined strategies can average 20-30%.

What are the risks of trading NZD/USD?

Underestimation of the strength of fundamental factors, discrepancies between actual macroeconomic statistics and forecasts, and actions of market makers.