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
21 Jan 2025

NZD/USD Price Analysis: Range-bound trade grapples with conflicting signals

  • NZD/USD dips on Tuesday, hovering near 0.5670 amid a sideways pattern.
  • RSI stands at 54, hinting at positive momentum yet showing signs of a pullback.

NZD/USD edged lower to 0.5670 on Tuesday, extending its recent stretch of range-bound action between 0.5690 and 0.5565. The pair’s inability to sustain a decisive move outside this corridor highlights traders’ indecision, with buyers and sellers each awaiting a clearer catalyst. Despite slipping slightly, NZD/USD remains close to the upper band of its established consolidation zone.

Technical readings offer a mixed outlook. Although the Relative Strength Index (RSI) stands at 54 in positive territory, it has shown signs of moderating from previous levels, suggesting that upward momentum may be losing steam. In contrast, the Moving Average Convergence Divergence (MACD) histogram is displaying rising green bars—often taken as an indication that buyers have not completely bowed out. As a result, the pair appears to be at a crossroads, needing a stronger push from either side.

Looking ahead, an upside break above 0.5690 would signal a potential bullish extension, possibly targeting 0.5720 or higher if momentum holds. On the downside, failure to maintain current levels could see bears aiming for 0.5565, which has served as a reliable floor throughout the recent consolidation.

NZD/USD daily chart

Jan 21, 2025

New Zealand Consumer Price Index (YoY) above expectations (2.1%) in 4Q: Actual (2.2%)

New Zealand Consumer Price Index (YoY) above expectations (2.1%) in 4Q: Actual (2.2%)
Read more Previous
Jan 22, 2025

New Zealand’s CPI inflation steadies at 2.2% YoY in Q4 vs. 2.1% expected

New Zealand’s Consumer Price Index (CPI) rose 2.2% QoQ in the fourth quarter (Q4) of 2024, compared with the 2.2% increase seen in the third quarter, according to the latest data published by Statistics New Zealand on Wednesday.
Read more Next