Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

NZD/USD Price Analysis: mild bounce overshadowed by multi-year lows

  • NZD/USD edges up 0.11% on Tuesday, hovering near 0.5600 after a brief recovery attempt.
  • MACD histogram shows decreasing green bars, pointing to limited follow-through despite the rebound.

The NZD/USD pair gained modestly on Tuesday, inching up to approximately 0.5600 following a prolonged slump to levels unseen since October 2022. Although this slight uptick provides temporary relief from the recent selling streak, the overarching bias remains tilted to the downside.

From a technical perspective, the Relative Strength Index (RSI) has climbed to 43, an indication of some stabilizing momentum while still embedded in negative territory. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is printing fewer green bars, suggesting that any ongoing recovery could be fragile without additional bullish impetus.

On the downside, should the pair fail to hold above 0.5570, sellers may seize control once more, potentially targeting the 0.5530 mark. Conversely, a rally beyond the 0.5620 region could set the stage for a test of 0.5650, though any extended move higher would likely hinge on a more decisive shift in market sentiment.

NZD/USD daily chart

United States API Weekly Crude Oil Stock came in at -2.6M, above expectations (-3.5M) in January 10

United States API Weekly Crude Oil Stock came in at -2.6M, above expectations (-3.5M) in January 10
Read more Previous

South Korea Export Price Growth (YoY): 10.7% (December) vs 7%

South Korea Export Price Growth (YoY): 10.7% (December) vs 7%
Read more Next