Did NZDUSD reach its pivot point?

Did NZDUSD reach its pivot point?

New Zealand economy

Electronic Card Retail Sales for April grew by 0.7% in New Zealand. NZDUSD has almost reached its resistance cluster zone (between 0.63800 and 0.63900). 

RBNZ’s rate is one of the highest among the developed economies (5.25%). It means the Central Bank has almost no room to increase the rate. Moreover, New Zealand is a net exporter to the US. The lower is NZD, the better is for the economy. 

The global situation

Australian retail sales increased by 0.4%, as expected. Consumption surpassed the previous fact (0.2%). AUDUSD reached 100MA. The possibility of the correction is relatively high.


According to the Halifax Bank of Scotland, the House Price Index in April dropped by 0.3%. The real estate market in Great Britain is slowing down. That’s unsurprising, considering the mortgage rate at its historical maximum of 7.22%

XBRUSD is slightly recovering. The nearest resistance level is 77.60. We expect that the price may reach it soon.

Bitcoin fell below 50MA. The price has almost touched the 27000 level (the support line). The local trend is bearish, but globally, the bullish tendency prevails. 

XAUUSD is rising. All the trend lines are heading up. 2050 is the next resistance level for the price.

Trade with FBS!


Earnings Season is In Focus
Earnings Season is In Focus

Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?

Can XAUUSD Move Higher?
Can XAUUSD Move Higher?

The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera