NZD/USD Decline Finds Support at 0.5930, Eyes 0.6050

The NZD/USD decline found support at 0.5930, rising above 0.5915 and now has 0.6050 in sight. The Kiwi dollar has struggled to achieve upside momentum as theWhile the Kiwi dollar boasts a slightly better interest rate differential, it has not managed to get one over the greenback. Kiwi bulls now face 0.6050 and the 200-day simple moving average if the bullish directional move has the legs to extend further. Support comes in at 0.5915.

The Aussie dollar has enjoyed a prolonged stint of gains against the Kiwi dollar which is showing signs of potential fatigue ahead of long-term resistance which connects the highs going all the way back to early 2023. The Australian dollar has not performed as well against major currencies, suffering to some degree due to its proximity to and reliance on China. AUD has struggled to maintain it’s former correlation to theStay up to date with the latest breaking news and themes driving the market by signing up to our weekly newsletter:Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.

NZD/USD Decline Support Kiwi Dollar Greenback Aussie Dollar Gains Momentum Resistance China

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NZD/USD trades sideways above 0.6000 on softer US Dollar, US PCE data eyedThe NZD/USD trades on a flat note around the 0.6000 mark during the early Asian session on Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD Price Analysis: A break above 0.6000 could approach 14-day EMA, 23.6% FibonacciNZD/USD continues its losing streak for the third successive session as the US Dollar (USD) falls on the dovish sentiment surrounding the Federal Reserve's stance on the trajectory of interest rates, with market sentiment leaning towards the Fed initiating interest rate cuts starting in June.
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD posts modest gains below the 0.6000 barrier on softer US DollarThe NZD/USD pair posts modest gains below the 0.6000 barrier during the early European session on Monday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD Price Analysis: Bears maintain control, signs of short-term recovery surfaceIn Friday's session, the NZD/USD declined just below the 0.6000 threshold, illustrating a bearish outlook as sellers continue to dominate the market.
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD forex trade review [Video]In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the NZD/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly, 15 minute charts and how you can target the next support/resistance.
Source: FXStreetNews - 🏆 14. / 72 Read more »

NZD/USD extends losses to near 0.6020 amid a stronger GreenbackNZD/USD continues to lose ground on the second consecutive session on a stronger US Dollar (USD), which could be attributed to mixed data from the United States (US).
Source: FXStreetNews - 🏆 14. / 72 Read more »