{"id":38615,"date":"2025-04-08T11:35:09","date_gmt":"2025-04-08T11:35:09","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/08\/nzd-usd-forecast-buy-or-sell-ahead-of-the-rbnz-decision\/"},"modified":"2025-04-08T11:35:09","modified_gmt":"2025-04-08T11:35:09","slug":"nzd-usd-forecast-buy-or-sell-ahead-of-the-rbnz-decision","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/04\/08\/nzd-usd-forecast-buy-or-sell-ahead-of-the-rbnz-decision\/","title":{"rendered":"NZD\/USD forecast: buy or sell ahead of the RBNZ decision?"},"content":{"rendered":"
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The NZD\/USD exchange rate remains on edge as investors priced in more interest rate cuts by the Reserve Bank of New Zealand (RBNZ). It crashed to a low of 0.5510, its lowest level since October 2022, mirroring the performance of the Australian dollar, which has plunged to its lowest level in years. <\/p>\n

RBNZ interest rate decision ahead<\/h2>\n

The NZD\/USD exchange rate has plummeted as investors predict that the RBNZ will embrace a more dovish tone in the coming meetings. That\u2019s because of the recent tariffs that may affect the country\u2019s economy.<\/p>\n

Like Australia, Trump announced a retaliatory tariff of 10% on New Zealand, a move that may cost importers about $900 million in costs.<\/p>\n

On the positive side, New Zealand and the US are not all that big trading partners. The US sold goods worth over $4.5 billion to New Zealand, and imported over $5.6 billion. The US sells services worth $2.5 billion and buys $1.3 billion, bringing the total trading relationship to $10.1 billion. <\/p>\n

The top New Zealand exports to the US are meat products, beverages, dairy products, and wood and wood products. There is a risk that Trump\u2019s tariffs<\/a> may make these products more expensive in the United States. <\/p>\n

Therefore, in line with this, analysts predict that the RBNZ will continue its interest rate cuts this year. It has already slashed rates from a high of 5.5% in July last year to 3.75% today. Analysts now expect the bank to deliver another 0.25% cut on Wednesday this week. Besides, inflation in the country has dropped from over 7% in 2022 to 2.2%.<\/p>\n

Interest rate cuts would help New Zealand to offset the impacts of the trade war by devaluing the kiwi. Indeed, with the kiwi falling by over 12% from its highest point in 2024, its exports are now at a discount. <\/p>\n

The next key catalyst for the NZD\/USD exchange rate will be the upcoming FOMC minutes and the US consumer inflation data.<\/p>\n

Read more: Short AUD\/NZD: the price has once again formed a bearish head and shoulder pattern which indicates a further drop<\/a><\/p>\n

NZD\/USD technical analysis<\/h2>\n
NZDUSD chart | Source: TradingView<\/a><\/figcaption><\/figure>\n

The daily chart shows that the NZD to USD exchange rate has dropped sharply in the past few months. It has moved from a high of 0.5843 on April 3 to the current 0.5800. <\/p>\n

The pair has moved below the ascending channel shown in black. This channel connects the lowest and highest levels since December last year.<\/p>\n

It has also retested the lower side of this channel, a popular bearish continuation sign in technical analysis. <\/p>\n

Therefore, the pair will likely continue falling as sellers attempt moving below the next psychological point at 0.5000. A move above the 50-day EMA point at 0.5700 will invalidate the bearish outlook.<\/p>\n

The post NZD\/USD forecast: buy or sell ahead of the RBNZ decision?<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The NZD\/USD exchange rate remains on edge as investors priced in more interest rate cuts by the Reserve Bank of New Zealand (RBNZ). It crashed to a low of 0.5510, its lowest level since October 2022, mirroring the performance of the Australian dollar, which has plunged to its lowest level in years.  RBNZ interest rate <\/p>\n","protected":false},"author":1,"featured_media":38616,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-38615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=38615"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/38615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/38616"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=38615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=38615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=38615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}