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.



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
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
More View more
Real Time News
  • The New Zealand Dollar is in a tricky spot. On one hand, rising stocks can propel NZD. On the other, a dovish RBNZ ahead could cool bond yields as the government tackles soaring housing costs. Get your market update from @ddubrovskyFX here:
  • Knowing how to accurately value a stock enables traders to identify and take advantage of opportunities in the stock market. Find out the difference between a stock's market and intrinsic value, and the importance of the two here:
  • It was a big Q1 for $USDJPY but so far Q2 has been a far different tone. Which side will prevail? Get your market update from @JStanleyFX here:
  • The continuity seen across these volatility cycles is a good thing. Historical precedence offer a blueprint for identifying conditions supportive for a vol-event to occur, and how they may unfold. Deepen your knowledge of historical volatility here:
  • The RBA highlighting several key risks to the local economy in its semi-annual FSR may drive AUD lower against haven-associated currencies despite the expectation of strong Q1 GDP figures out of China. Get your market update from @DanielGMoss here:
  • Get your snapshot update of the of relative currency strength and exchange status from around the globe here:
  • Though the $SPX hit a record high through Friday, there was little momentum and far less correlation across various risk assets. Can we find more serious traction - or a reversal - amid earnings, inflation-Fed forecasting, US-China trade negotiations?
  • The Spinning Top candlestick pattern forms part of the vast Japanese candlestick repertoire with its own distinct features. Gain a better understanding of the spinning top candlestick here:
  • There’s a strong correlation between interest rates and forex trading. Forex is ruled by many variables, but the interest rate of the currency is the fundamental factor that prevails above them all. Learn how interest rates impact currency markets here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
New Zealand Dollar Price Outlook: Kiwi Falters Near Six-Month Highs

New Zealand Dollar Price Outlook: Kiwi Falters Near Six-Month Highs

Michael Boutros, Strategist

New Zealand Dollar Technical Price Outlook: NZD/USD Weekly Trade Levels

  • New Zealand Dollarupdated technical trade levels - Weekly Chart
  • NZD/USD rallies 20%+ off yearly lows- stalling at multi-year downtrend resistance
  • Kiwi advance vulnerable while below 6628 – critical support 6313

The New Zealand Dollar is poised to snap a three-week winning streak against the US Dollar with the Kiwi rally faltering at log-term down-trend resistance. The advance may be vulnerable here as momentum stalls and with the bulls at risk into the 66-handle. These are the updated targets and invalidation levels that matter on the NZD/USD weekly price chart heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of this Kiwitrade setup and more.

Starts in:
Live now:
Apr 12
( 12:04 GMT )
Live Weekly Strategy Webinars on Mondays at 12:30GMT
Weekly Scalping Webinar
Register for webinar
Join now
Webinar has ended

New Zealand Dollar Price Chart – NZD/USD Weekly

New Zealand Dollar Price Chart - NZD/USD Weekly - Kiwi Trade Outlook - Technical Forecast

Chart Prepared by Michael Boutros, Technical Strategist; NZD/USD on Tradingview

Notes: In my last New Zealand Dollar Weekly Price Outlook we noted that a breakout in NZD/USD had fueled a rally into confluence slope resistance heading into the close of June trade with initial support eyed, “at the 2019 low-week close at 6313.” The Kiwi pullback registered a low at 6380 in the following weeks before mounting a counteroffensive with price now challenging a key technical confluence at 6585-6628- a region defined by the June highs & the 100% extension the March rally and converges on long-term downtrend resistance (blue). Note that weekly RSI has held sub-60 since the start of the year and casts a bearish momentum profile while below this threshold.

Initial weekly support now raised to the March trendline / late-June lows at 6380 with bullish invalidation now raised to the 2019 low-week close at 6313- weakness beyond this threshold would risk a larger scale Kiwi correction. A breach / close above 6628 is needed to keep the long-bias viable with critical resistance eyed at the 2019 / 2020 yearly opens at 6705/33- look for a more significant reaction there IF reached.

Forex for Beginners
Forex for Beginners
Recommended by Michael Boutros
New to Forex Trading? Get started with this Beginners Guide
Get My Guide

Bottom line: The New Zealand Dollar rally is testing confluence slope resistance here and leaves the broader advance vulnerable heading in 6628. From a trading standpoint, a good region to reduce long-exposure / raise protective stops – look for downside exhaustion ahead of 6380 IF price is heading higher with a close above 6628 needed to fuel the next leg up in price. I’ll publish an updated New Zealand Dollar Price Outlook once we get further clarity on the near-term NZD/USD technical trade levels.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

New Zealand Dollar Trader Sentiment – NZD/USD Price Chart

New Zealand Dollar Trader Sentiment - NZD/USD Price Chart - Kiwi Trade Outlook - Technical Forecast
  • A summary of IG Client Sentiment shows traders are net-short NZD/USD - the ratio stands at -2.00 (33.38% of traders are long) – bullish reading
  • Long positions are 5.33% higher than yesterday and 2.47% lower from last week
  • Short positions are 12.57% lower than yesterday and 11.59% lower from last week
  • We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests NZD/USD prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current NZD/USD price trend may soon reverse lower despite the fact traders remain net-short.
NZD/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -6% -1% -3%
Weekly -12% 20% 5%
Learn how shifts in Kiwi retail positioning impact trend
Get My Guide

Key New Zealand / US Economic Releases

Key New Zealand / US Economic Data Releases - Event Risk

Economic Calendar - latest economic developments and upcoming event risk.

Previous Weekly Technical Charts

--- Written by Michael Boutros, Technical Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

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