- Analytics
- News and Tools
- Market News
- NZD/USD leans bearish towards two-year low near 0.6100, justifies options market pessimism
NZD/USD leans bearish towards two-year low near 0.6100, justifies options market pessimism
NZD/USD holds on to the previous day’s bearish bias around the lowest levels since May 2020, sellers flirt with the 0.6100 round figure during Tuesday’s Asian session.
In doing so, the Kiwi pair justifies the options market pessimism amid broad US dollar strength.
That said, the one-month Risk Reversal (RR) of the NZD/USD pair, the key options market gauge, marked the lowest level since July 01 the previous day. It’s worth noting that the RR is different between the call options and the put options and hence indicates the market’s bias.
It’s worth noting that the latest NZD/USD RR also snaps a three-day rebound with -0.140 figures.
The bearish bias over the Kiwi pair could be linked to the fears of recession and the broad US dollar strength. However, bears should remain cautious ahead of Wednesday’s monetary policy decision of the Reserve Bank of New Zealand (RBNZ).
Also read: NZD/USD bears attack 0.6100 at two-year low amid inflation/recession fears, RBNZ eyed
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
