Skip to Content
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
NZD/USD Technical Analysis: US Dollar to Retake Upper Hand?

NZD/USD Technical Analysis: US Dollar to Retake Upper Hand?

Ilya Spivak,
What's on this page


  • New Zealand Dollar recoils from resistance, drops back to near-term support
  • Break downward would set the stage to revisit four-year lows near 0.62 figure
  • Neutralizing selling pressure likely requires close above trend line from 2017

Get help building confidence in your NZD/USD strategy with our free trading guide!

The New Zealand Dollar floundered at resistance in the 0.6425-41 area against its US counterpart once more. The pair almost made good on the bullish implications of a Head and Shoulders bottom carved out in the month from mid-September, but sellers rejuvenated sellers stepped in to reject the rally.

NZD/USD now sits squarely on support guiding its ascent from October lows. A daily close below 0.6338 would open the door for a retest of the August-September 2015 bottom in the 0.6197-0.6268 zone. It would also make a forceful argument for the resumption of the longer-term downtrend.

Neutralizing selling pressure looks arduous. Prices would need to clear back-to-back resistance running up through 0.6496, landing them at three-month highs. They would then face the bounds of the downtrend from July 2017. Breaching that seems like a prerequisite for lasting gains.

New Zealand Dollar vs US Dollar price chart - daily

Daily NZD/USD chart created using TradingView


--- Written by Ilya Spivak, Currency Strategist for

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

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