NZD/USD Price Analysis: Rebounds firmly above 0.6170 ahead of US/NZ Employment data
02.05.2023, 00:33

NZD/USD Price Analysis: Rebounds firmly above 0.6170 ahead of US/NZ Employment data

  • NZD/USD has shown a decent recovery above 0.6170 as USD Index has sensed selling pressure.
  • As per the consensus, the US economy added 150K jobs in April lower than the former additions of 145K.
  • NZD/USD is continuously facing pressure near the downward-sloping trendline plotted from 0.6386.

The NZD/USD pair has scaled sharply above the immediate resistance of 0.6170 in the early Tokyo session. Earlier, the Kiwi asset witnessed an intense sell-off on Monday after failing to claim the round-level resistance of 0.6200.

The US Dollar Index (DXY) has sensed sheer selling pressure near its two-week-old resistance of 102.20. It seems that investors are digesting pre-Federal Reserve (Fed) policy anxiety.

Wednesday’s New Zealand and United States Employment data will be keenly watched. NZ’s Employment Change (Q1) is expected to remain steady at 0.2%. While the Unemployment Rate is seen rising to 3.5% from the former release of 3.4%.

On the US front, investors will keep an eye on Automatic Data Processing (ADP) Employment data. As per the consensus, the US economy added 150K jobs in April lower than the former additions of 145K.

NZD/USD is continuously facing pressure near the downward-sloping trendline plotted from April 05 high at 0.6386 on an hourly scale. The Kiwi asset has made a higher high after a lower high lower low structure, hinting for a potential bullish reversal ahead.

The New Zealand Dollar is facing immediate selling pressure near horizontal resistance placed from April 20 high at 0.6204.

Meanwhile, the Relative Strength Index (RSI) (14) has slipped back into the 40.00-60.00 range, indicating consolidation ahead.

Should the asset break above April 20 high at 0.6204, kiwi bulls will drive the asset towards April 19 high at 0.6227 followed by April 07 high at 0.6265.

In an alternate scenario, a breakdown of April 26 low at 0.6110 will drag the asset toward March 08 low at 0.6088 followed by the 15 Nov 2022 low at 0.6058.

NZD/USD hourly chart

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik