News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Real Time News
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here:
  • Bitcoin (BTC) started the day on the front foot on the Twitter news before the latest China crypto ban hammered the market lower. Get your weekly crypto forecast from @nickcawley1 here:
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • The US Dollar continues to push higher against ASEAN currencies after the FOMC rate decision. This leaves the USD/SGD, USD/THB, USD/PHP and USD/IDR outlook mostly tilted higher. Get your market update from @ddubrovskyFX here:
  • The US Dollar seems to be back on the offensive against its major counterparts, pressuring EUR/USD and NZD/USD lower as USD/JPY consolidates. USD/CHF surges past key resistance. Get your market update from @ddubrovskyFX here:
  • The Japanese Yen remains in focus with strength potential on risk aversion themes to go along with weakness on themes around higher rates. Get your weekly $JPY technical forecast from @JStanleyFX here:
  • Google finance-related search interest in 'Evergrande' has almost overtaken 'Covid'. 'Taper' doesn't even register on the scale
  • Gold prices gain as potential systemic risks out of China's Evergrande Group roil broader markets. Meanwhile, iron ore is ticking higher after a big drop on Monday as China steps up steelmaking curbs. Get your market update from @FxWestwater here:
New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday

New Zealand Dollar Forecast: NZD/USD May Rise Over Thanksgiving Holiday

Thomas Westwater, Analyst

New Zealand Dollar, NZD/USD, Thanksgiving - Talking Points

  • Wall Street trading paused from recent strength after two-day rally
  • NZD/USD continues higher, technical picture bullish in short-term
  • U.S. holiday and light economic prints see quiet session ahead

New Zealand Dollar strength is seeing follow-through after government officials recommended that the RBNZ include housing prices to the central bank's remit earlier this week. The comments increased bets for the RBNZ to keep a lid on further rate cuts. In turn, the Kiwi appears to be on a firm bullish footing for the short-term.

Wall Street took a step back today after a bullish start to the week. The Dow Jones Industrial Average traded below the recently breached 30,000 level. The lull in momentum, however, appears more like a temporary pause on some profit-taking rather than being driven by a shift in sentiment.

That said, this morning did inject some concern into the U.S. labor market as initial jobless claims rose to the highest level in over a month. However, local durable goods orders came in better than expected according to the DailyFX Economic Calendar. The US Dollar basket softened from yesterday’s Asia-Pacific session through the New York closing bell. DXY price action recently dropped under the 92 handle to lows not seen since the start of September.

NZD/USD, US Dollar, Dow Jones – Daily Price Chart

NZD/USD, Dow Jones, DXY

Chart created with TradingView

Thursday’s Asia-Pacific Outlook

Trading in the Asia Pacific session may reflect the calmer tone from Wall Street as U.S. markets are set to close for the Thanksgiving holiday. Economic data prints are also light going into the trading session. These two factors may see a low volume session outside of any unexpected headline risks that could appear.

NZD/USD price action is on the verge of breaking out of a Rising Wedge pattern formed from the March Covid lows. This is typically a bearish formation, and overturning it could underpin the case for further upside. Earlier this week the Kiwi broke above the 2019 high and is currently resting directly above the upper-bound of the wedge. A retracement back to the 2019 high, however, could still leave bulls in control. The case for a reversal in the longer-term trend in NZD/USD seems unlikely absent a negative fundamental driver.

NZD/USD Daily Price Chart


Chart created with TradingView


--- Written by Thomas Westwater, Analyst for

To contact Thomas, use the comments section below or @FxWestwateron Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.