NZDUSD

(Last Updated May 28, 2020)

Hello! This is the news page for NZDUSD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

As for trends on NZDUSD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

NZDUSD Moving Averages

NZDUSD’s moving averages tell a multi-facted story about its trend. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, while the 100 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.

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

As for correlation, Regarding NZDUSD’s correlations over the past 7 days, it has been most correlated with AUDJPY. Over the past 14 days, however, the asset showing the strongest correlation to NZDUSD is NZDJPY. On the flip side, the asset least correlated with NZDUSD over the past week has been AUDNZD, but if we observe the prior two weeks, GBPCHF has been the asset least correlated with NZDUSD. The chart below illustrates NZDUSD against its least correlated assets.

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