Capitalcore
Well-known member
Forex NZDUSD live chart update and outlook
The New Zealand Dollar vs US Dollar (NZD/USD), often referred to by its forex nickname "Kiwi," is a widely traded major currency pair in the global forex market. The Kiwi is known for its sensitivity to risk sentiment, commodity prices—especially dairy—and monetary policy announcements from both the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve (Fed). Today’s forex market sentiment for NZD-USD is shaped by high-impact testimonies from central bank leaders on both sides. RBNZ Governor Anna Breman is set to testify on the 2025 Annual Review, and given that it’s her first major speech since taking office in December, traders will be scrutinizing her tone for any hawkish signals—particularly after recent dairy trade strength. On the US side, Fed Governor Michelle Bowman’s congressional testimony is likely to draw focus, especially if she hints at continued tightening amid consumer confidence and auto sales data also releasing today. If the Fed takes a more hawkish stance while RBNZ remains cautious, USD may gain further strength. However, if both show hawkish tones, volatility could spike as traders reassess the interest rate outlook for both economies.
Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The NZD/USD H4 chart shows the price action currently moving above the Ichimoku green cloud, indicating a medium-term bullish bias. The conversion line (Tenkan-sen) remains above the last candle, suggesting potential short-term pressure or consolidation. Notably, the last four candles are red, hinting at a local correction after reaching near the 0.786 Fibonacci level (0.57525), which is acting as strong resistance. Despite this pullback, the broader trend is still bearish, and the price is fluctuating within a key retracement zone between the 0.786 and 0.618 Fib levels (0.57525–0.57158), a typical area for reversal or continuation setups. The %R(14) indicator reads -55.77, reflecting a neutral to mild bearish momentum—neither oversold nor overbought—suggesting room for further downside before any strong reversal is expected. Price action traders may look for confirmation around the 0.5715 support zone to gauge next moves.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
The New Zealand Dollar vs US Dollar (NZD/USD), often referred to by its forex nickname "Kiwi," is a widely traded major currency pair in the global forex market. The Kiwi is known for its sensitivity to risk sentiment, commodity prices—especially dairy—and monetary policy announcements from both the Reserve Bank of New Zealand (RBNZ) and the Federal Reserve (Fed). Today’s forex market sentiment for NZD-USD is shaped by high-impact testimonies from central bank leaders on both sides. RBNZ Governor Anna Breman is set to testify on the 2025 Annual Review, and given that it’s her first major speech since taking office in December, traders will be scrutinizing her tone for any hawkish signals—particularly after recent dairy trade strength. On the US side, Fed Governor Michelle Bowman’s congressional testimony is likely to draw focus, especially if she hints at continued tightening amid consumer confidence and auto sales data also releasing today. If the Fed takes a more hawkish stance while RBNZ remains cautious, USD may gain further strength. However, if both show hawkish tones, volatility could spike as traders reassess the interest rate outlook for both economies.
Chart Notes:
• Chart time-zone is UTC (+02:00)
• Candles’ time-frame is 4h.
The NZD/USD H4 chart shows the price action currently moving above the Ichimoku green cloud, indicating a medium-term bullish bias. The conversion line (Tenkan-sen) remains above the last candle, suggesting potential short-term pressure or consolidation. Notably, the last four candles are red, hinting at a local correction after reaching near the 0.786 Fibonacci level (0.57525), which is acting as strong resistance. Despite this pullback, the broader trend is still bearish, and the price is fluctuating within a key retracement zone between the 0.786 and 0.618 Fib levels (0.57525–0.57158), a typical area for reversal or continuation setups. The %R(14) indicator reads -55.77, reflecting a neutral to mild bearish momentum—neither oversold nor overbought—suggesting room for further downside before any strong reversal is expected. Price action traders may look for confirmation around the 0.5715 support zone to gauge next moves.
•DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
Capitalcore
