NZDUSD

(Last Updated October 28, 2020)

Welcome to the news page for NZDUSD (NZDUSD). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

On NZDUSD, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.

NZDUSD Moving Averages

The moving averages on NZDUSD indicate a trend that is clearly bullish.

Below is a chart showing NZDUSD’s price with its moving averages.

As for assets in the Forex asset class NZDUSD has been correlated to over the past week, it has demonstrated the strongest correlation with AUDUSD. If we zoom out to a two week basis, though, NZDCAD is the asset most correlated to NZDUSD. On the flip side, the asset least correlated with NZDUSD over the past week has been GBPJPY, but if we observe the prior two weeks, AUDJPY has been the asset least correlated with NZDUSD. The chart below illustrates NZDUSD against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, NZDUSD’s rate is up 0.0023 (0.35%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as NZDUSD has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The weekly chart below shows NZDUSD’s price action over the past year.

NZDUSD: The Monthly View

Clearest trend on the monthly is apparent at the 120 month timeframe.