{"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\/zh\/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":"<div id=\"post-content-section\">\n<p><a href=\"https:\/\/www.fxstreet.com\/currencies\/nzdusd\" data-fxs-autoanchor>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<p>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<p>In the United States (US), the Fed kept interest <a href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\" data-fxs-autoanchor>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<p>On another note, US Initial <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>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<div>\n<p><img loading=\"lazy\" alt=\"Chart Analysis NZD\/USD\" width=\"800\" height=\"600\" decoding=\"async\" data-nimg=\"1\" class src   =\"http:\/\/www.fxstreet.com\/_next\/image?url=https%3A%2F%2Feditorial.fxsstatic.com%2Fmiscelaneous%2Fchart-analysis-1773949914126&#038;w=1536&#038;q=95\"><\/p>\n<\/div>\n<h3>Short-term technical analysis:<\/h3>\n<p>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<p>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<p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The NZD\/USD pair surges to the 0.5870 level, up 1.30% on Thursday amid broad weakness of the US Dollar (USD) [&hellip;]<\/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\/zh\/wp-json\/wp\/v2\/posts\/64121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=64121"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/64121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/64122"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=64121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=64121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=64121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}