6:18 PM ยท 13 April 2023

NZDUSD is moving higher ๐Ÿ“ˆ NZD extends bullish momentum

The New Zealand dollar is the best performing currency in the G10 today. This is mainly due to the weakness of the USD, which discounted following the release of PPI inflation data from the US, which showed a decline in the headline reading from 4.6% to 2.7% y/y. Thus, the NZDUSD pair took advantage of the favorable technical situation and filled the inverted head-and-shoulders, bearish pattern that appeared on the H1 interval.

This type of price formation usually heralds a trend reversal - in this case to an upward one. After crossing the level of 0.6455, the upward movement accelerated, and the stock is currently struggling with the 61.8% measurement set on the last downward wave. In the case of a breakout above, the bulls can direct their attention towards the next resistance zone at 0.6335. On the other hand, in the event of a pullback and selling pressure, support remains at the level of 0.6245.

Source: xStation5

5 June 2026, 7:26 PM

3 markets to watch next week: US100, GOLD, EURUSD (05.06.2026)

5 June 2026, 7:04 PM

Daily summary: Nasdaq 100 drops 3%, precious metals and Bitcoin are falling amid US dollar strength

5 June 2026, 6:52 PM

Silver slumps 7% ๐Ÿ“‰ Precious metals under selling pressure

5 June 2026, 3:45 PM

NFP: A turning point for the dollar and the start of a stock market correction?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits