NZDUSD follows American markets lower
Despite negative pressure, the NZDUSD breakout remains in play : Chart
Share this:
It was an ugly day on Wall Street Thursday with the Dow Jones Industrial Average falling 807.77pts (-2.78%) to 28292.73. S&P 500 declined 125.78pts (-3.51%) to 3455.06 and the Nasdaq 100 dropped 649.17pts (-5.23%) to 11771.37.
The US Dollar was bullish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, Initial Jobless Claims fell to 881K for the week ending August 29th (950K expected), from a revised 1,011K in the previous week. Continuing Claims dropped to 13,254K for the week ending August 22nd (14,000K expected), from a revised 14,492K in the week before. The Trade Deficit spiked to 63.6 billion dollars on month in July (58.0 billion dollars expected), from a revised 53.5 billion dollars in June, a level last seen in 2008.
On Friday, Change in Nonfarm Payrolls for August are expected to fall to 1,350K on month, from 1,763K in July. Finally, the Unemployment Rate for August is expected to decline to 9.8% on month, from 10.2% in July.
The Euro was bullish against most of its major pairs with the exception of the CHF and JPY. In Europe, research firm Markit has published final readings of August Services PMI for the Eurozone at 50.5 (vs 50.1 expected), for Germany at 52.5 (vs 50.8 expected), for France at 51.5 (vs 51.9 expected) and for the U.K. at (vs 60.1 expected). The European Commission has reported July retail sales at -1.3% (vs +1.0% on month expected).
The Australian dollar was bearish against most of its major pairs with the exception of the NZD.
The New Zealand Dollar dropped almost 1% against the U.S. Dollar in Thursdays trading. Despite the decline, the pair remains above prior declining trendline resistance. A bullish crossover has been confirmed after the 20-day moving average crossed above the 50 day MA. Momentum remains bullish with the indicator above its median level. Key support rests at 10.6485. A break above 0.6795 resistance would pave the way towards 0.694 resistance target.
Source: GAIN Capital, TradingView
Happy Trading
The US Dollar was bullish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, Initial Jobless Claims fell to 881K for the week ending August 29th (950K expected), from a revised 1,011K in the previous week. Continuing Claims dropped to 13,254K for the week ending August 22nd (14,000K expected), from a revised 14,492K in the week before. The Trade Deficit spiked to 63.6 billion dollars on month in July (58.0 billion dollars expected), from a revised 53.5 billion dollars in June, a level last seen in 2008.
On Friday, Change in Nonfarm Payrolls for August are expected to fall to 1,350K on month, from 1,763K in July. Finally, the Unemployment Rate for August is expected to decline to 9.8% on month, from 10.2% in July.
The Euro was bullish against most of its major pairs with the exception of the CHF and JPY. In Europe, research firm Markit has published final readings of August Services PMI for the Eurozone at 50.5 (vs 50.1 expected), for Germany at 52.5 (vs 50.8 expected), for France at 51.5 (vs 51.9 expected) and for the U.K. at (vs 60.1 expected). The European Commission has reported July retail sales at -1.3% (vs +1.0% on month expected).
The Australian dollar was bearish against most of its major pairs with the exception of the NZD.
The New Zealand Dollar dropped almost 1% against the U.S. Dollar in Thursdays trading. Despite the decline, the pair remains above prior declining trendline resistance. A bullish crossover has been confirmed after the 20-day moving average crossed above the 50 day MA. Momentum remains bullish with the indicator above its median level. Key support rests at 10.6485. A break above 0.6795 resistance would pave the way towards 0.694 resistance target.
Source: GAIN Capital, TradingView
Happy Trading
It was an ugly day on Wall Street Thursday with the Dow Jones Industrial Average falling 807.77pts (-2.78%) to 28292.73. S&P 500 declined 125.78pts (-3.51%) to 3455.06 and the Nasdaq 100 dropped 649.17pts (-5.23%) to 11771.37.
The US Dollar was bullish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, Initial Jobless Claims fell to 881K for the week ending August 29th (950K expected), from a revised 1,011K in the previous week. Continuing Claims dropped to 13,254K for the week ending August 22nd (14,000K expected), from a revised 14,492K in the week before. The Trade Deficit spiked to 63.6 billion dollars on month in July (58.0 billion dollars expected), from a revised 53.5 billion dollars in June, a level last seen in 2008.
On Friday, Change in Nonfarm Payrolls for August are expected to fall to 1,350K on month, from 1,763K in July. Finally, the Unemployment Rate for August is expected to decline to 9.8% on month, from 10.2% in July.
The Euro was bullish against most of its major pairs with the exception of the CHF and JPY. In Europe, research firm Markit has published final readings of August Services PMI for the Eurozone at 50.5 (vs 50.1 expected), for Germany at 52.5 (vs 50.8 expected), for France at 51.5 (vs 51.9 expected) and for the U.K. at (vs 60.1 expected). The European Commission has reported July retail sales at -1.3% (vs +1.0% on month expected).
The Australian dollar was bearish against most of its major pairs with the exception of the NZD.
The New Zealand Dollar dropped almost 1% against the U.S. Dollar in Thursdays trading. Despite the decline, the pair remains above prior declining trendline resistance. A bullish crossover has been confirmed after the 20-day moving average crossed above the 50 day MA. Momentum remains bullish with the indicator above its median level. Key support rests at 10.6485. A break above 0.6795 resistance would pave the way towards 0.694 resistance target.
Source: GAIN Capital, TradingView
Happy Trading
The US Dollar was bullish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, Initial Jobless Claims fell to 881K for the week ending August 29th (950K expected), from a revised 1,011K in the previous week. Continuing Claims dropped to 13,254K for the week ending August 22nd (14,000K expected), from a revised 14,492K in the week before. The Trade Deficit spiked to 63.6 billion dollars on month in July (58.0 billion dollars expected), from a revised 53.5 billion dollars in June, a level last seen in 2008.
On Friday, Change in Nonfarm Payrolls for August are expected to fall to 1,350K on month, from 1,763K in July. Finally, the Unemployment Rate for August is expected to decline to 9.8% on month, from 10.2% in July.
The Euro was bullish against most of its major pairs with the exception of the CHF and JPY. In Europe, research firm Markit has published final readings of August Services PMI for the Eurozone at 50.5 (vs 50.1 expected), for Germany at 52.5 (vs 50.8 expected), for France at 51.5 (vs 51.9 expected) and for the U.K. at (vs 60.1 expected). The European Commission has reported July retail sales at -1.3% (vs +1.0% on month expected).
The Australian dollar was bearish against most of its major pairs with the exception of the NZD.
The New Zealand Dollar dropped almost 1% against the U.S. Dollar in Thursdays trading. Despite the decline, the pair remains above prior declining trendline resistance. A bullish crossover has been confirmed after the 20-day moving average crossed above the 50 day MA. Momentum remains bullish with the indicator above its median level. Key support rests at 10.6485. A break above 0.6795 resistance would pave the way towards 0.694 resistance target.
Source: GAIN Capital, TradingView
Happy Trading
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
USD into a Massive Week as Yields Fly and Gold Breaks
It’s a huge week with PCE and NFP, but it’s what’s happening off of the calendar that demands attention with US yields flying to fresh multi-decade highs.
USDJPY Forecast Intervention Fears Clash with Dollar Strength
Recent trading sessions have produced mixed results for the Japanese yen. By the end of last week, USD/JPY had fallen by more than 1.00%, reflecting a modest recovery in the yen. However, the start of this week has seen the pair move slightly back in favor of the U.S. dollar, posting gains of around 0.04%.
AUD/USD forecast: Currency Pair of the Week | September 28, 2026
The week has started with stocks, gold, silver and bitcoin all falling, as crude oil rebounded and bond yields pushed further higher. Trump refusing to agree to Tehran’s proposal to re-open the Strait of Hormuz has left the markets disappointed. Still, reports that mediators are expected to hold talks with the two sides on an amended version of the 7-day proposal that Iran presented, keeps hopes alive that we may see some progress.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.