Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
30 Dec 2022

NZD/USD Price Analysis: Kiwi limited while under 0.6350

  • Volatility and erratic moves during the last trading session of the year.
  • NZD/USD to end year with a 7.30% loss.
  • The 0.6500 has the key to more gains for the Kiwi.

The NZD/USD is trading above 0.6300 during the last trading day of 2022. On a volatile session the pair hit the highest level in a week at 0.6373 and then pulled back to the 0.6330 zone.

The Kiwi is among the worst performers on Friday, on a volatile final trading day of 2022. For the year, the NZD lagged among commodity currencies, even after the recovery of the last quarter.

The NZD/USD bottomed during 2022 at 0.5512 in early October. It then started to recovery, trimming yearly losses. The upside move peaked slightly above 0.6500 two weeks ago. The 0.6500 area is a strong barrier that if broken should open the doors to more gains for the Kiwi.

The daily chart shows NZD/USD testing the 20-day Simple Moving Average that is hovering around 0.6350, a horizontal resistance area. While below, risks are tilted toward another test of the bottom of the current range at 0.6240. A daily close well above 0.6350 would point to further gains.

NZD/USD daily chart

NZDUSD D

NZD/USD weekly chart

NZDUSD W

Technical levels

 

Dec 30, 2022

More downside ahead for Iron Ore – ING

Iron Ore has been one of the worst-performing commodities this year. Hopes of a China recovery in the second half of 2023 should provide support in th
Read more Previous
Dec 30, 2022

CNY weakness should persist – Credit Suisse

Economists at Credit Suisse expect the Chinese Yuan to continue weakening in the coming months. Asia FX complex is likely to remain weak in the first
Read more Next