Market Conditions for NZDUSD as at Mar 31, 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 0.5962 US Dollar at the end of the New York trading session on Tuesday, -0.90% less than at the previous close.
Technical Analysis Summary for March 31, 2020
Though the FX pair is experiencing a short-term uptrend, this could just be a correction, as both the medium and long-term trends are still bearish. Tuesday's trading range has been 129 pips (2.14%), that's slightly below the last trading month's daily average range of 176 pips. Buying might accelerate should prices move above the nearby swing high at 0.6070 where further buy stops could get triggered.
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