Market Conditions for NZDUSD as at Jan 17, 2020
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for New Zealand Dollar/US Dollar
New Zealand Dollar/US Dollar ProfileThe New Zealand Dollar/US Dollar (NZD/USD) currency pair, also known as the Kiwi is a Forex (FX) currency pair traded in foreign exchange spot transactions around the globe. NZD is the base currency and USD is the quote currency, meaning that 1 New Zealand Dollar was worth 0.6613 US Dollar at the end of the New York trading session on Friday, -0.36% less than at the previous close.
Technical Analysis Summary for Jan. 17, 2020
While the pair is currently in a short-term downtrend, this could just be a correction, as both the medium and long-term trends are still bullish. Friday's trading range has been 46 pips (0.69%), that's slightly above the last trading month's daily average range of 44 pips. Selling might accelerate should prices move below the nearby swing low at 0.6584 where further sell stops could get triggered.
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