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fxAug 14, 2026, 10:38 AM

NZD/USD approaches 0.5900 resistance as US dollar weakens

NZD/USD is climbing toward the 0.5900 resistance area on Wednesday as broad US dollar weakness supports the New Zealand dollar.

NZDUSD

NZD/USD is moving higher in Wednesday trade, with the pair nearing the 0.5900 resistance area. The New Zealand dollar is gaining ground while the US dollar loses support across the board.

The dollar's softness comes as market participants see fading prospects for an immediate Federal Reserve interest rate move. The shift in expectations is weighing on the greenback and helping the kiwi extend its advance.

Traders are watching whether NZD/USD can break above the 0.5900 zone, which could open the door to further upside if the dollar remains under pressure.

Source: FXStreet Forex News