NZD/USD Price Analysis: Upside remains capped near descending trend-channel resistance
NZD/USD struggled to capitalize on last week’s modest recovery from over a two-year low. A
Financial and Business News
NZD/USD struggled to capitalize on last week’s modest recovery from over a two-year low. A
Economists at Westpac see potential for further NZD weakness during the month ahead. Kiwi is
During the week, the New Zealand dollar is down 0.82%. The market sentiment is mixed
NZD/USD attracted fresh selling on Tuesday and weakened back below the 0.6200 mark. The formation
NZD/USD fails to extend the previous day’s corrective pullback on downbeat NZ QSBO data. New
NZD/USD extends Monday’s recovery, takes the bids to refresh intraday high. China Caixin Services PMI
During June, the New Zealand dollar depreciated against the US dollar from 0.6502 to 0.6227.
NZD/USD pares recent losses at a 26-month low, up 0.80% around 0.6210 heading into Monday’s
NZD/USD witnessed heavy selling on Friday and dived to its lowest level since May 2020.
The New Zealand dollar is facing depreciation pressure. Economists at CIBC Capital Markets expect the