Today's NZD to PHP Price Update

Summary

This report provides the real-time exchange rate between the New Zealand Dollar (NZD) and the Philippine Peso (PHP), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The New Zealand Dollar (NZD) is a major fiat currency representing the economic interests of New Zealand, while the Philippine Peso (PHP) serves as the official currency of the Philippines. The exchange rate between them reflects market sentiment regarding the relative economic strength of both nations and currency market dynamics in the Asia-Pacific region.

Today’s Price

• 1 NZD = 34.28 PHP
• 24h High: 34.3931 PHP
• 24h Low: 34.1781 PHP

Market Analysis

The NZD/PHP pair is currently trading near its daily midpoint, with the Relative Strength Index (RSI) over the 14-day period at 63.665, suggesting a buy signal for the pair.

• Technical levels: Daily support at 33.64 PHP, daily resistance at 33.82 PHP
• Short-term support and resistance: 32.57 and 32.12 PHP respectively
• Trading opportunities: Analytical forecasts suggest the pair may move toward 33.913 PHP within one week and 33.271 PHP within four weeks, presenting potential downside targets for traders to monitor

Conclusion

Continue to monitor the NZD/PHP pair closely, integrating technical indicators with market sentiment to optimize trading strategies and capitalize on emerging opportunities.