Wednesday, November 11, 2026

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FxWirePro: NZD/USD consolidates around 20-DMA after slump in Asian session, focus on RBNZ

NZD/USD consolidates around 20-DMA after a massive slump witnessed in the Asian session. Cautious trades ahead of the Fed outcome weighs on the demand for higher yielding currencies The downside in the Kiwi remains cushi…

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

NZD/USD consolidates around 20-DMA after a massive slump witnessed in the Asian session.

  • Cautious trades ahead of the Fed outcome weighs on the demand for higher yielding currencies
  • The downside in the Kiwi remains cushioned on the back of expectations that the RBNZ will keep rates-on hold 
  • A relief rally seen in oil prices also offers some respite to the resource-linked NZD
  • The pair is currently trading at 0.6732, with immediate resistance at 0.6790 (Daily Tenkan) and support at 20 DMA by 0.6683

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By FxWirePro Team