Created
: 2025.09.11
2025.09.11 07:50
The New Zealand Dollar advanced on Wednesday, posted gains of over 0.24% as traders digested the latest factory gate inflation report. An evolution of the disinflation process, drove the NZD/USD pair higher, past the 0.9540 mark during the day.
Price action shows buyers reluctancy to drive NZD/USD past the 100-day Simple Moving Average (SMA) at 0.5959. Although momentum as depicted in the Relative Strength Index (RSI) is bullish, it has turned slightly flattish. Hence, further sideways trading lies ahead, unless the release of US CPI data on Thursday rocks the boat.
If NZD/USD climbs past the 100-day SMA, the next resistance will be the August 13 peak at 0.5996, followed by the July 24 cycle high at 0.5059. On the other hand, if the pair slides below 0.5900, the first support would be the 20-day SMA at 0.5886, ahead of the 200-day SMA at 0.5836.
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies this week. New Zealand Dollar was the strongest against the Canadian Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.08% | -0.22% | -0.60% | 0.21% | -0.96% | -0.82% | 0.03% | |
EUR | -0.08% | -0.32% | -0.60% | 0.12% | -1.04% | -0.85% | -0.05% | |
GBP | 0.22% | 0.32% | -0.38% | 0.43% | -0.72% | -0.54% | 0.26% | |
JPY | 0.60% | 0.60% | 0.38% | 0.75% | -0.38% | -0.36% | 0.65% | |
CAD | -0.21% | -0.12% | -0.43% | -0.75% | -1.06% | -0.98% | -0.18% | |
AUD | 0.96% | 1.04% | 0.72% | 0.38% | 1.06% | 0.18% | 0.99% | |
NZD | 0.82% | 0.85% | 0.54% | 0.36% | 0.98% | -0.18% | 0.81% | |
CHF | -0.03% | 0.05% | -0.26% | -0.65% | 0.18% | -0.99% | -0.81% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Created
: 2025.09.11
Last updated
: 2025.09.11
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy