NZD/USD steadies near bottom of range as Dollar weakens on soft inflation and policy concerns
By: bitcoin ethereum news|2025/05/15 07:15:05
0
Share
The pair trades near the 0.5900 zone after trimming intraday losses amid mixed technical signals. Weak US inflation and speculation of a soft-Dollar policy weigh on the Greenback. Support at 0.5884; resistance seen at 0.5908 and 0.5928 with technicals pointing to possible rebound. The NZD/USD pair is hovering near the 0.5900 level after giving back earlier gains in Wednesday trading. The pair remains under modest pressure but shows signs of stabilization as price action consolidates near the lower end of the daily range. The subdued performance in the Kiwi comes as the US Dollar struggles across the board, weighed down by fresh speculation of a deliberate US Dollar weakening strategy and signs of a cooling inflation trend. Market focus remains on the broader narrative that the Trump administration may be supporting a weaker USD as part of its trade realignment push. Talks between US and South Korean officials regarding FX policy have triggered a wave of USD selling across Asia, adding pressure on the Greenback. The recent dip in US headline Consumer Price Index (CPI) to 2.3% year-over-year, the softest since February 2021, has also amplified rate cut expectations. Although the Fed is expected to remain on hold in the near term, swaps markets are still pricing in 75 basis points of easing over the next year, down from 125 bp last week. Meanwhile, New Zealand’s economic outlook remains clouded by expectations of a dovish shift from the Reserve Bank of New Zealand (RBNZ). Analysts widely anticipate the RBNZ to lower the Official Cash Rate (OCR) at its next policy meeting, citing weaker domestic growth prospects. With no major data from New Zealand this week, NZD price action is driven mostly by external developments, particularly the shifting sentiment around the US Dollar. Technical Analysis Technically, the NZD/USD pair is trading close to its daily low near 0.5896, within a broader range between 0.5884 and 0.5969. The Relative Strength Index (RSI) sits in neutral territory in the 50s, while the Moving Average Convergence Divergence (MACD) remains in negative territory, signaling downside momentum. However, Bull Bear Power is trending near the zero line, hinting at underlying buy conditions. The Stochastic Relative Strength Index (Stochastic RSI) – Fast also reflects a neutral posture. While the 20-day Simple Moving Average (SMA) points to continued bearishness, both the 100-day and 200-day Simple Moving Averages (SMAs) are aligned with a bullish bias, supported by the 30-day Exponential Moving Average (EMA) and 30-day SMA as well. Immediate support levels are seen at 0.5884, 0.5885, and 0.5885, while resistance lies at 0.5908, 0.5920, and 0.5928. With several long-term technical indicators signaling upside potential and the pair trading at a key support area, NZD/USD retains a mildly bullish bias, provided broader USD softness continues. Source: https://www.fxstreet.com/news/nzd-usd-steadies-near-bottom-of-range-as-dollar-weakens-on-soft-inflation-and-policy-concerns-202505142000
You may also like

Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.

The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.

Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?

The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.

Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.

Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.

Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles

How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.

Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.

Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.

Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.

AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.

When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.

Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself

$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.

Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days

Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.
Cursor "Shell" Kimi Controversy Reversed: From Copyright Infringement Allegations to Authorized Collaboration, China's Open Source Model Once Again Becomes a Global AI Foundation
Cursor was accused of being based on Kimi K2.5, which sparked controversy, and was later confirmed to be compliant through Fireworks AI due diligence.
The Real Reason Tokens Don't Sell: 90% of Crypto Projects Overlook Investor Relations
Provide an Investor Relations Best Practices Guide for Crypto Projects.
Is the income of pump.fun real, earning a million dollars a day despite the market downturn?
If it can really earn this much, what is the reason for the low price of $PUMP?
The real reason why tokens are not selling: 90% of crypto projects neglect investor relations
Investor Relations Practice Guide for Cryptocurrency Projects.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.