NZD/USD Heads Up For the 3rd Day In A Row; in a Downtrend Over Past 14 Days
Relative to other instruments in the forex asset class, nzd/usd ranked 17th yesterday in terms of percentage price change.
NZDUSD
(Last Updated January 18, 2021)
Welcome to the news page for NZDUSD (NZDUSD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for NZDUSD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| New Zealand NZIER Capacity Utilization | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand NZIER Business Confidence | Q4 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:00 GMT | ||
| New Zealand Electronic Retail Card Spending YoY | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| New Zealand Electronic Retail Card Spending MoM | Dec 2020 | New Zealand Dollar | NZD | 2021-01-18 | 21:45 GMT | ||
| United States Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT |
The Trend
On NZDUSD, there is currently an uptrend on the 90 and 30 day timeframes.
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 been most correlated with NZDCHF. Over the past 14 days, however, AUDUSD is the asset most correlated to NZDUSD. On the flip side, AUDCHF has been the asset least correlated with NZDUSD — but over the past 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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The View From the Weekly Timeframe
At the time of this writing, NZDUSD’s rate is down -107 pips (-1.48%) from the week prior. NZDUSD has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows NZDUSD’s price action over the past year.
NZDUSD: The Monthly View
Monthly trend: strongest on the 60 month timeframe.
NZD/USD Up 14 Pips, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of relative strength index and triangle technical patterns.
NZD/USD Up 15 Pips, in a Downtrend Over Past 14 Days; Social Sentiment Biased Towards Buying
Sometime early the best, but remember this is still owned by down channel trend.
NZD/USD 3 Day Down Streak Snapped, in a Downtrend Over Past 30 Days; Social Sentiment Biased Towards Buying
Out of the 40 instruments in the forex asset class, nzd/usd ended up ranking 18th for the day in terms of day-over-day price change.
NZD/USD Up 16 Pips, in a Downtrend Over Past 90 Days; Social Sentiment Biased Towards Buying
The closest is the 20 day average, which is 92.9 pips away.
NZD/USD Down 27 Pips; in a Downtrend Over Past 14 Days
Out of the 40 instruments in the forex asset class, nzd/usd ended up ranking 31st for the day in terms of day-over-day price change.
NZD/USD Heads Down For the 2nd Day In A Row; in a Downtrend Over Past 90 Days
The closest is the 20 day average, which is 103 pips away.
NZD/USD Down 9 Pips; in a Downtrend Over Past 30 Days
The closest is the 20 day average, which is 92.8 pips away.
NZD/USD Fares the Worst Out of Forex, 2 Day Up Streak Snapped; in a Downtrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of channel and divergence technical patterns.
NZD/USD Up 5 Pips, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 90 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.