Never miss a story from Ilya Spivak

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Ilya Spivak

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

NZD/USD Technical Strategy: BEARISH

  • NZ Dollar testing key support near 0.66 as RBNZ rate decision nears
  • Break lower exposes 0.65 figure, followed by October’s swing bottom
  • Close above 0.6647 likely needed to neutralize near-term bearish cues

See our free trading guide to help build confidence in your NZD/USD trading strategy!

The New Zealand Dollar has pulled back to sit squarely atop familiar support in the 0.6591-0.6619 area after a tepid upswing against its US counterpart was rejected at trend line resistance. How prices will resolve themselves here is likely to follow on from the looming RBNZ monetary policy announcement.

A daily close below support sets the stage to challenge the 0.65 figure. That is followed by October’s swing bottom at 0.6425 shortly thereafter, with breach below this threshold suggesting that the longer-term term down trend established from April 2018 has been re-engaged.

Falling trend line resistance is now at 0.6647. A break above this barrier – likewise confirmed on a daily closing basis – would neutralize immediate selling pressure and put the spotlight on resistance in the 0.6699-0.6727 chart inflection region.

New Zealand Dollar vs US Dollar chart - daily


--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, use the Comments section below or @IlyaSpivak on Twitter