NZDUSD

(Last Updated March 4, 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

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for NZDUSD.

NZDUSD Moving Averages

Across several time periods between 20 and 200 days, the trend on NZDUSD has remained consistently bullish.

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

Regarding NZDUSD’s correlations over the past 7 days, it has been most correlated with NZDJPY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to NZDUSD is NZDCAD. On the flip side, the asset least correlated with NZDUSD over the past week has been EURCHF, but over the past two weeks, the asset least correlated with NZDUSD has been ZARJPY. The chart below illustrates NZDUSD against its least correlated assets.

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The View From the Weekly Timeframe

Currently, NZDUSD’s rate is down 0 pips (0%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NZDUSD. Given that we see an uptrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 120 month timeframe.