The NZDUSD is trading near session lows and pressing against the bottom of a key swing area between 0.5918 and 0.5935 — a zone that previously acted as resistance and, more recently, turned into support. Also within that area sits the 200-hour moving average at 0.5934, adding to its technical importance.
NZD/USD Price Forecast: Bears taking control with 0.5930 support under pressure
The US dollar continues to see a lot of influence coming out of the interest rate markets, as the ten-year continues to rise.
NZD/USD appreciates above 0.5950 heading into the US NFP release
NZD/USD rises to near 0.5950 as risk-on mood supports New Zealand Dollar
NZD/USD approaches 0.6000 as hopes of a US-Iran peace deal boost risk appetite
NZD/USD Price Forecast: Consolidates below two-month top; breakout above 0.5925 favors bulls
NZD/USD gains traction above 0.5950 on US-Iran peace deal hopes
Wall Street reached fresh highs, crude oil fell more than 7%, and the US dollar tracked lower during another risk-on session as traders bet the US and Iran are moving closer to a legitimate peace deal. That provided a tailwind for the Australian dollar and New Zealand dollar, both of which posted solid breakouts — with NZD/USD and AUD/USD leading the FX majors on the day.
NZD/USD: Market pricing aggressive RBNZ tightening path – BBH
NZD/USD approaches 0.6000 amid speculation about a US-Iran peace deal
NZD/USD Price Forecast: Hits eight-week highs above 0.5950 as risk appetite returns