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NZD/USD

New Zealand Dollar / US Dollar

Current Rate

0.6014

Daily Change

+0.00%

Trend

Bullish

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Technical Overview

NZD/USD is showing modest bullish momentum with price trading above the 20-day moving average. The pair is testing resistance at 0.6200 after bouncing from 0.6100 support. A break above 0.6200 could lead to further gains towards 0.6250. The RSI is at 55, showing neutral to slightly bullish momentum.

Fundamental Context

The New Zealand Dollar is influenced by Reserve Bank of New Zealand (RBNZ) policy, dairy prices (New Zealand's largest export), and Chinese economic growth. New Zealand economic data including employment, inflation, and trade balance also impact NZD. The USD side responds to Federal Reserve policy.

Key Price Levels

0.6100

Support - Recent low

0.6150

Current price level

0.6200

Resistance - Testing this level

0.6250

Next resistance - Psychological level

0.6050

Major support - 2024 low

What to Watch Today

•Reserve Bank of New Zealand policy decisions
•Dairy prices and agricultural commodity markets
•Chinese economic data and growth outlook
•New Zealand employment and inflation figures
•US Federal Reserve policy announcements
•Global risk sentiment and carry trade flows

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