Automatic wave scan: as of 5 Nov 2026, the automatic daily count for NZD/USD is Wave 5 down with a bearish bias. The count stays valid while price holds 0.57109.
Current NZD/USD wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 0.58733 on 20 Jul 2026. Next levels to watch are 0.55216 and 0.54977. The count fails on a daily close above 0.57109.
Key levels
| Type | Levels |
|---|---|
| Resistance | 0.57109 · 0.59888 |
| Support | 0.55670 · 0.55842 |
| Invalidation | 0.57109 |
What is NZD/USD?
New Zealand is one of the world's largest dairy exporters, so prices at the Global Dairy Trade auctions can affect its currency. The nickname kiwi comes from the national bird shown on the one dollar coin.
The Reserve Bank of New Zealand was the first central bank to adopt a formal inflation target, in 1990. It sets the Official Cash Rate several times a year.
What moves the NZD/USD price?
- RBNZ policy: Changes to the Official Cash Rate outlook drive the kiwi.
- Dairy prices: Global Dairy Trade auction results can move the pair.
- China demand: China is a major buyer of New Zealand exports.
- Risk mood: The kiwi falls in risk-off periods along with the Aussie.
How NZD/USD moves in Elliott Wave terms
NZD/USD often moves in step with AUD/USD, so the two charts frequently show the same wave structure. When they diverge, the AUD/NZD cross often explains why.
Because liquidity is thinner, the kiwi can overshoot Fibonacci targets during news. Corrections often take the shape of zigzags.
Tips for counting NZD/USD waves
Compare the count with AUD/USD. Trade mainly during the Asian and New York sessions, when the kiwi is most active.
NZD/USD key facts
NZD/USD Elliott Wave FAQ
Why is the New Zealand dollar called the kiwi?
The kiwi bird appears on New Zealand's one dollar coin.
Do dairy prices affect NZD/USD?
Yes. Dairy is New Zealand's largest export, so rising prices can support the currency.
Is NZD/USD similar to AUD/USD?
They often move together because both economies depend on commodities and trade with China.
Sources and further reading
- BIS Triennial Central Bank Survey of foreign exchange turnover (Bank for International Settlements)
- Official Cash Rate (Reserve Bank of New Zealand)
- Federal Open Market Committee (Federal Reserve)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
