The NZD/USD is the quote for the New Zealand Dollar, the base currency, quoted against the US Dollar, the quote currency.
NZD is the national currency of New Zealand and the legal tender of the Cook Islands, Niue, the Ross Dependency, Tokelau, and the British territory of the Pitcairn Islands. The New Zealand Dollar became the national currency of New Zealand in 1967, when it replaced the New Zealand Pound and its complex pounds, shillings, and pence system, or £sd, stemming from the Latin librae, solidi, and denarii.
July 10th, 1967, is Decimal Currency Day in New Zealand, the day the NZD and its decimal system replaced the New Zealand Pound at a rate of 2:1. The Reserve Bank of New Zealand printed approximately 27 million new banknotes and 165 million new coins for the changeover.
The New Zealand Dollar belongs to commodity currencies, referring to national currencies that move with commodity prices. Soft commodity prices can impact the New Zealand Dollar due to its exports of meat, dairy, fisheries, and wine, the top four exports, followed by forestry. New Zealand ranks among the most globalized economies, dependent on trade with China, Australia, the EU, the US, and Japan.
Most Recent
After touching a low of nearly 0.58370 on Monday the NZD/USD begin to climb and in early trading today approached the 0.59225 ratio, and then likely to no one’s surprise a reversal lower took place.
During my daily analysis of the NZD/USD pair, it looks as if we are threatening a major breakdown.
The lower depths of the NZD/USD continue to be tested, and the currency pair’s volatility has also been on full display as day traders try to speculate in dangerous conditions.
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Dear my daily analysis of major currency pairs, I recognize that the New Zealand dollar is a currency that continues to see a lot of downward pressure, but we are also sitting on a significant support level just below.
During my daily analysis of the NZD/USD pair, the market has gone back and forth on Monday, as we continue to see a lot of noisy trading, as we had sold off quite drastically.
During my daily analysis of the NZD/USD pair, the first thing I see is that we have broken down below the 0.5950 level, an area that previously had been important.
The New Zealand dollar initially did try to rally a bit during the trading session here on Monday, but it gave back gains and ended up forming a relatively negative turn of events.
The New Zealand dollar continues to plummet against the US dollar as the bond market in America is essentially going straight up in the air as far as yields are concerned.
The NZD/USD fell to values not seen since the first week of August as financial institutions remain absolutely locked within cautious trading modes.
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In my daily analysis of the NZD/USD pair, we have seen the New Zealand dollar drop below the crucial 0.60 level, only to turn around and show signs of life.
In my daily analysis of the NZD/USD pair, the first thing I notice is the strong support near the crucial 0.60 level.
My daily analysis of the NZD/USD pair on Wednesday, the first thing I notice is that we are reaching the 0.60 level underneath, which is a large, round, psychologically significant figure.
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Sign up to get the latest market updates and free signals directly to your inbox.Day traders continue to be offered an opportunity in the NZD/USD via technical perceptions, but cautious trading has kept the currency pair within lows and choppy trading is still ahead.
The NZD/USD attained new short and near-term lows early this morning, but technical traders who are wagering on downside should remain attentive to shifting sentiment.
In my daily analysis of the NZD/USD currency pair, the first thing I see is that we are going back and forth during the Monday session, as we are trying to figure out what we are going to do.