NZD-USD Daily Chart Fundamental Insights and Outlook
The NZDUSD currency pair, often referred to by its nickname “Kiwi,” is one of the most actively traded pairs in the forex market, representing the exchange rate between the New Zealand Dollar and the US Dollar. Known for its sensitivity to global risk sentiment, commodity prices, and central bank policies, NZDUSD is a favorite among traders using EURUSD daily chart technical and fundamental analysis and price action strategies. Today’s primary focus is on the RBNZ’s Official Cash Rate, with markets expecting a hike from 3.50% to 3.75%, signaling tighter monetary policy, accompanied by the RBNZ Rate Statement that may provide crucial forward guidance. Meanwhile, the US Dollar faces volatility from several scheduled releases, including Final Wholesale Inventories, Crude Oil Inventories, FOMC Member Barkin’s speech, the 10-Year Bond Auction, and the highly anticipated FOMC Meeting Minutes. If the RBNZ strikes a hawkish tone while US data disappoints or leans dovish, NZDUSD could see a bullish reversal, supporting upward price action momentum and reinforcing broader market sentiment already influencing EURUSD daily chart technical and fundamental analysis.
Chart Notes:
• Chart time-zone is UTC (+03:00)
• Candles’ time-frame is 4h.
Technically, the NZDUSD H4 chart shows that the price has completed a sharp bearish wave, currently testing a key support level around 0.55500, a zone where buyers previously stepped in. The latest candle has printed a hammer formation, a bullish reversal pattern, further strengthened by bullish divergence in the MACD and RSI indicators. These price action signals suggest a potential upside reversal. If confirmed by a bullish candle close above the hammer, it would align with both technical confluence and upcoming fundamental catalysts, signaling a possible shift toward a medium-term bullish trend — insights that are equally vital for traders tracking EURUSD daily chart technical and fundamental analysis.
• DISCLAIMER: Please note that the above analysis is not an investment suggestion by “Capitalcore LLC”. This post has been published only for educational purposes.
