OctaFX | OctaFX Forex Broker
Open trading account

NZD/USD cheers improvement in New Zealand business confidence, jumps 23 pips

  • The NZD picked up a bid soon before press time as the New Zealand business confidence improved slightly in December.
  • NZD/USD jumped 22 pips to a session high of 0.6829 and is now trading at 0.6817.

The NZD/USD jumped 22 pips after the data released in New Zealand showed that level of pessimism among firms waned somewhat in December.

The NZD business confidence rose to -24.1 in December from the November's print of -37.1. The business confidence survey has shown persistent pessimism since the Labor-led coalition government was formed last year. That is somewhat confounding as the economy has remained resilient in the face of rising global uncertainty.

With business confidence out of the way, the focus now shifts to the New Zealand third quarter GDP data, which is expected to show that the economy expanded at an annual pace of 2.8 percent. The global dairy trade auction, due today, could also influence the NZD pairs.

At press time, NZD/USD is trading at 0.6816, having clocked a high of 0.6826 a few minutes ago.

NZD/USD Technical Levels


    Today Last Price: 0.6818
    Today Daily change: 12 pips
    Today Daily change %: 0.176%
    Today Daily Open: 0.6806
    Previous Daily SMA20: 0.6848
    Previous Daily SMA50: 0.6714
    Previous Daily SMA100: 0.667
    Previous Daily SMA200: 0.6845
    Previous Daily High: 0.6819
    Previous Daily Low: 0.6785
    Previous Weekly High: 0.6912
    Previous Weekly Low: 0.6778
    Previous Monthly High: 0.6887
    Previous Monthly Low: 0.6514
    Previous Daily Fibonacci 38.2%: 0.6806
    Previous Daily Fibonacci 61.8%: 0.6798
    Previous Daily Pivot Point S1: 0.6788
    Previous Daily Pivot Point S2: 0.6769
    Previous Daily Pivot Point S3: 0.6754
    Previous Daily Pivot Point R1: 0.6822
    Previous Daily Pivot Point R2: 0.6838
    Previous Daily Pivot Point R3: 0.6856


When are the RBA minutes and how might they affect AUD/USD?

 RBA minutes overview The minutes from the RBA Board’s 4th Dec meeting are due at 11:30am Syd/8:30am Sing/HK, 0030 GMT, after the RBA, as widely expe
Read more Previous

RBA minutes: no strong case for a near-term adjustment in monetary policy

The Reserve Bank of Australia (RBA) board agreed that the next move in the cash rate is more likely to be an increase than a decrease but also believe
Read more Next
Start livechat