EUR/USD 1.17888
0.055%
Gold 4981.63
0.111%
Oil 65.315
0.647%
USD/JPY 155.220
0.258%
GBP/USD 1.34895
-0.018%
GBP/JPY 209.388
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Gates Foundation: Microsoft (MSFT.O) co-founder Bill Gates will miss the keynote address at the Delhi AI Summit to "ensure the summit focuses on core issues."Tesla (TSLA.O): Tesla (TSLA.O) owners have accumulated more than 8 billion miles in FSD (Full Self-Driving) monitoring mode.S&P: Investor sentiment is key to Indonesias sovereign credit support.Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.2810% to a minimum of 0.8410%. WeChat Pays 7-day annualized yield ranges from a maximum of 1.1230% to a minimum of 1.0310%. Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.1270% to a minimum of 1.0090%.On February 19, Fu Cong, Chinas Permanent Representative to the United Nations, stated on February 18 at the general debate of the 2026 session of the Special Committee on the UN Charter and Strengthening the Role of the United Nations that, faced with a complex and volatile international situation, upholding multilateralism, strengthening the role of the United Nations, and reforming and improving global governance are the common aspirations of all countries. The international community needs to abide by the UN Charter and safeguard the authority of the United Nations more than ever before. Fu Cong pointed out that maintaining international peace and security is one of the purposes of the UN Charter. Chinas proposed global security initiatives advocate a common, comprehensive, cooperative, and sustainable security concept, providing a Chinese solution for addressing the global peace deficit and resolving the security dilemma. China is willing to work with all countries in the world to actively implement the initiatives and jointly address various traditional and non-traditional security challenges.

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