The NZD/USD is seeing a rebound amidst a broad-market US Dollar selloff. Market risk appetite saw a resurgence on Monday. Early Tuesday sees China data, which could bolster Antipodeans. 5850 for Monday. Late Tuesday sees New Zealand unemployment rate, followed by a speech from Reserve Bank of New Zealand Governor Adrian Orr.
6050, with prices continuing to decline against the 50-day Simple Moving Average currently declining towards 0.5900. Long-term, the 200-day SMA is turning increasingly bearish, accelerating into chart territory south of 0.6150, and a downside continuation for the Kiwi will see the pair setting new lows for the year and testing bids not seen since October of 2022. NZD/USD Daily Chart NZD/USD Technical Levels NZD/USD Overview Today last price 0.5845 Today Daily Change 0.
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