앱 다운로드

  • Market Insights   >   Daily Market Analysis

19 August 2025,06:01

Daily Market Analysis

NZD Under Pressure Ahead of RBNZ Policy Decision

19 August 2025, 06:01

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Key Takeaways:

* Markets widely expect a 25 bps rate cut as growth slows and inflation remains comfortably within target.

*Softer trade balance and rising unemployment underscore New Zealand’s deteriorating economic momentum.

*Tariff tensions, China’s slowdown, and a dovish RBNZ outlook leave NZD vulnerable to further downside.

Market Summary:

The New Zealand dollar remains under broad downside pressure against major peers, weighed by escalating U.S. trade tensions under Trump’s sweeping tariff policy and lackluster Chinese economic performance. The Kiwi has been lacking a clear catalyst, with markets now turning their focus to tomorrow’s Reserve Bank of New Zealand (RBNZ) policy announcement.

Consensus expectations point to a 25 bps rate cut, as policymakers seek to cushion slowing domestic growth. Inflationary risks remain contained, with the latest CPI reading at 2.7%—comfortably within the RBNZ’s 1–3% target range—allowing the central bank to maintain a dovish stance.

Adding to the case for easing, New Zealand’s trade balance dropped sharply to NZ$142 million from NZ$1.08 billion previously, underscoring weakening economic momentum. Meanwhile, unemployment has climbed to 5.2%, its highest level since 2021, highlighting persistent labor market strains.

A rate cut tomorrow would reinforce the RBNZ’s dovish bias and is likely to drive the Kiwi lower, leaving the currency vulnerable to further downside in the near term.

Technical Analysis 

EURNZD, H4

The EURNZD has extended its uptrend, recently reaching a fresh high of 1.9771 after breaking out of its prior downtrend structure and consolidative range. The pair’s bullish breakout signaled strong upward momentum, but a pullback in the latest session has brought price action to a critical juncture near 1.9670—a level reinforced by the confluence of two key support lines.

A sustained move below this zone would mark a potential bearish reversal signal. Conversely, a rebound above 1.9670 could reaffirm the pair’s bullish bias and open the door for another leg higher.

Momentum indicators remain supportive of the bullish outlook. The RSI is holding above the midline, suggesting buyers still dominate, while the MACD continues to hover around the zero line, indicating that bullish momentum remains intact.

Resistance level: 1.9840, 2.0000

Support level: 1.9505, 1.9378

엣지 있게 거래 시작하기

업계 최저 스프레드와 초고속 실행으로 FX, 지수, 귀금속 등을 거래하실 수 있습니다!

  • 당사의 스탠다드 계좌는 최소 $50달러로 거래를 시작할 수 있습니다.
  • 24시간 연중무휴 고객지원
  • 수백 개의 거래 도구, 무료 교육 도구 및 최고의 프로모션을 누릴 수 있습니다.
지금 가입하기

Latest Posts

쉽고 빠른 계좌 개설

실거래계좌개설
  • 1

    회원가입

    몇 가지 간단한 과정으로 PU Prime의 실거래 계좌를 개설하세요

  • 2

    자금예치

    다양한 입출금 수단과 수용되는 통화로 손 쉽게 계좌에 예치할 수 있습니다

  • 3

    거래시작

    업계 최고의 거래 환경과 조건에서 수백 개의 상품을 거래하세요

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!