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
Trading news
Back
15 Jan 2025

NZD/USD Price Analysis: mild uptick challenges short-term resistance

  • NZD/USD rises settling near 0.5615 as it flirts with the 20-day SMA.
  • RSI jumps to 42, moving sharply upward yet still anchored in negative territory.
  • MACD histogram prints decreasing green bars, highlighting a tempered recovery outlook.

The NZD/USD pair added a modest 0.30% on Wednesday, edging up to 0.5615 after extending gains beyond its 20-day Simple Moving Average (SMA). This marginal push above the moving average could be the catalyst bulls have been waiting for, provided it holds steady in the coming sessions. Sentiment has shown signs of improving from oversold levels, although the market tone remains cautious overall.

Technical readings suggest that momentum is beginning to shift. While the Relative Strength Index (RSI) has climbed to 42, indicating a hopeful uptick, it remains positioned in negative territory. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is producing fewer green bars, signaling that, although buyers are gradually stepping in, the pair’s rebound remains fragile.

If NZD/USD can solidify its stance above the 20-day SMA near 0.5600, traders may eye further upside toward the 0.5650 resistance zone, with a move beyond this level potentially opening the door to 0.5700. Conversely, a drop back under 0.5580 would undermine the recent bounce and leave the pair vulnerable to retesting the 0.5550 handle or lower.

NZD/USD daily chart

Jan 15, 2025

Australia unemployment rate set to rise slightly in December, hiring pace expected to slow

The Australian Bureau of Statistics (ABS) will release the December monthly employment report at 00:30 GMT on Thursday.
Read more Previous
Jan 15, 2025

GBP/USD Price Forecast: Edges up, stabilizes near 1.2250

The Pound Sterling posted modest gains on Wednesday after hit seesawing in a wide range of 1.2154 - 1.2306 during the day, yet stabilized at current exchange rates.
Read more Next