Wednesday, November 11, 2026

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FxWirePro: Kiwi ignores downbeat NZ consumer confidence, NZD/USD trades above 0.66 handle

Broad based USD weakness persists in Asia following dovish FOMC steer overnight Most G10 currencies higher against the Greenback, Kiwi also climbed higher despite weak NZ fundamentals NZ consumer sentiment came in lowest…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • Broad based USD weakness persists in Asia following dovish FOMC steer overnight

  • Most G10 currencies higher against the Greenback, Kiwi also climbed higher despite weak NZ fundamentals

  • NZ consumer sentiment came in lowest since mid-2012, fell a further 4 points in August from 113.9 to 109.8, data showed Wed

  • Kiwi ignores downbeat consumer confidence and edged higher above the 0.66 handle

  • Price action edges above 10&20 DMAs, and daily Tenkan at 0.6559 offers strong support

  • NZD/USD is currently trading at 0.6603, short-term bias is lower, 4-hourly Stochs and RSI show bearish alignment

Resistance Levels:

R1: 0.6624 (Session High Aug 19)

R2: 0.6650 (Daily High Aug 12)

R3: 0.6675 (Daily High Jul 31)

Support Levels:

S1: 0.6589 (21-Day MA)

S2: 0.6584 (10-Day MA)

S3: 0.6550 (Session low August 19)

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By FxWirePro Team