{ "id": 64121, "date": "2026-03-20T10:17:48", "date_gmt": "2026-03-20T03:17:48", "guid": { "rendered": "https:\/\/hbbgroup.net\/nzd-usd-rallies-despite-weak-new-zealand-gdp-and-fed-hawkish-hold\/" }, "modified": "2026-03-20T10:17:48", "modified_gmt": "2026-03-20T03:17:48", "slug": "nzd-usd-rallies-despite-weak-new-zealand-gdp-and-fed-hawkish-hold", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/nzd-usd-rallies-despite-weak-new-zealand-gdp-and-fed-hawkish-hold\/", "title": { "rendered": "NZD\/USD rallies despite weak New Zealand GDP and Fed hawkish hold" }, "content": { "rendered": "
\n

The NZD\/USD pair<\/a> surges to the 0.5870 level, up 1.30% on Thursday amid broad weakness of the US Dollar (USD) despite the Federal Reserve (Fed) holding decision the previous day and weak economic data in New Zealand . <\/p>\n

Statistics New Zealand released GDP figures showing a growth of 0.2% QoQ in the fourth quarter, below the 0.4% expected and down from 0.9% in the previous quarter. On a YoY basis, growth came in at 1.3%, missing forecasts of 1.7% but slightly higher than the prior reading of 1.1%. Despite these figures, the New Zealand Dollar (NZD) remains resilient.<\/p>\n

In the United States (US), the Fed kept interest rates<\/a> on hold at 3.50%-3.75%, with Chairman Jerome Powell setting a high bar for a rate cut, saying the Fed is in no rush to ease policy, particularly amid risks of higher inflation driven by energy prices.<\/p>\n

On another note, US Initial Jobless Claims<\/a> declined to 205K in the week ending March 14, below the 215K expected and the previous 213K, signaling a resilient labor market.<\/p>\n

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\"Chart<\/p>\n<\/div>\n

Short-term technical analysis:<\/h3>\n

In the 4-hour chart, NZD\/USD trades at 0.5873. The near-term bias leans mildly bullish as price extends above the 20-period Simple Moving Average (SMA) near 0.5840 while still trading beneath the declining 100-period SMA around 0.5902, outlining a recovery within a broader downtrend. The Relative Strength Index (RSI) has advanced to 58, showing improving upside momentum after rebounding from sub-40 readings and reinforcing the latest push higher.<\/p>\n

Immediate support emerges at 0.5872, aligned with the recent breakout area, followed by 0.5830, where prior horizontal support converges with the 20-period SMA to form a secondary floor. Further downside protection is seen at 0.5798 if the pair slips back into the lower range. On the upside, initial resistance stands at 0.5892 ahead of the 100-period SMA cluster around 0.5902, and a sustained break above this zone would open the path toward higher levels beyond the recent consolidation band.<\/p>\n

(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p>\n<\/div>", "protected": false }, "excerpt": { "rendered": "

The NZD\/USD pair surges to the 0.5870 level, up 1.30% on Thursday amid broad weakness of the US Dollar (USD) […]<\/p>", "protected": false }, "author": 5, "featured_media": 64122, "comment_status": "open", "ping_status": "open", "sticky": false, "template": "", "format": "standard", "meta": { "_acf_changed": false, "footnotes": "" }, "categories": [ 222 ], "tags": [], "class_list": [ "post-64121", "post", "type-post", "status-publish", "format-standard", "has-post-thumbnail", "hentry", "category-ngoai-hoi" ], "acf": [], "_links": { "self": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/64121", "targetHints": { "allow": [ "GET" ] } } ], "collection": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts" } ], "about": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/types\/post" } ], "author": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/users\/5" } ], "replies": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/comments?post=64121" } ], "version-history": [ { "count": 0, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/posts\/64121\/revisions" } ], "wp:featuredmedia": [ { "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media\/64122" } ], "wp:attachment": [ { "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/media?parent=64121" } ], "wp:term": [ { "taxonomy": "category", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/categories?post=64121" }, { "taxonomy": "post_tag", "embeddable": true, "href": "https:\/\/hbbgroup.net\/en_us\/wp-json\/wp\/v2\/tags?post=64121" } ], "curies": [ { "name": "wp", "href": "https:\/\/api.w.org\/{rel}", "templated": true } ] } }