EUR/USD 1.15954
-0.135%
Gold 4348.43
0.740%
Oil 97.119
-3.390%
USD/JPY 153.683
-0.474%
GBP/USD 1.35260
0.113%
GBP/JPY 207.876
-0.364%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
A Kremlin spokesman said Russian President Vladimir Putin rejected Ukrainian President Volodymyr Zelenskys suggestion to hold direct talks during the G20 summit in the United States, and said that a meeting between Putin and Zelensky could only take place in Moscow.On September 13, Iranian Foreign Ministry spokesman Baghae stated on September 12 that the International Atomic Energy Agencys (IAEA) resolution on the Iranian nuclear issue was a "politicized" decision. He said that Iran has not engaged in any breach of the agreement, and the IAEA has found no evidence that Irans nuclear program has deviated from its peaceful purposes. He also accused three European countries and the United States of pressuring the IAEA. Baghae stated that the US military aggression and economic war against Iran continues, and that Iran has the right to self-defense under Article 51 of the UN Charter and will safeguard its national security and interests through means including diplomacy. He also emphasized that regional security must be guaranteed by regional states and cannot be subject to external interference, calling for the establishment of a regional security mechanism.According to Saudi Arabias Al Arabiya television, Nabatiyeh in southern Lebanon was hit by two airstrikes.A Russian presidential aide stated that Russia considers Abu Dhabi an acceptable location for holding talks on the Ukraine issue.The head of Russias nuclear energy sector said that Ukraine attacked fuel trucks, jeopardizing the Zaporizhia nuclear power plant.

NZD/USD Price Analysis: Protects NZ Inflation-Induced Support Break; 0.6140 in Sight

Daniel Rogers

Apr 20, 2023 13:51

 NZD:USD.png

 

During the mid-Asian session on Thursday, NZD/USD bears maintain control at the lowest levels in five weeks while defending New Zealand (NZ) losses caused by inflation near 0.6160. This justifies not only the weaker-than-anticipated New Zealand inflation, but also the recent break of one-month-old horizontal support, which is now immediate resistance, as well as the bearish MACD signals.

 

As measured by the Consumer Price Index (CPI), the Reserve Bank of New Zealand (RBNZ) policy purists were unpleasantly surprised by New Zealand's (NZ) first-quarter (Q1) inflation. Despite this, the Quarter-over-Quarter change in the New Zealand Consumer Price Index (CPI) decreases from 1.7% and 1.4%, respectively, to 1.2%.

 

Following the publication of disappointing data, the NZD/USD pair breached a one-month-old horizontal support level, which is now acting as a barrier near 0.6170. The bearish MACD signals are now directing NZD/USD traders toward a horizontal support level that has been in place for 1.5 months and is located near 0.6140.

 

If the NZD/USD bears remain dominant above 0.6140, the 2023 low of 0.6085 cannot be ruled out.

 

The 200-day simple moving average hurdle of 0.6220 becomes crucial for NZD/USD investors to return.

 

If the NZD/USD pair remains above 0.6220, a run up to the previous weekly high around 0.6315 and then to the monthly high of 0.6386 cannot be ruled out.


Suggestion