Today's NZD to PHP Price Update

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Summary

This report provides the real-time exchange rate between the New Zealand Dollar (NZD) and 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 stability 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 both economies’ relative strength and investor confidence in currency valuations.

Today’s Price

  • 1 NZD = 34.19 PHP
  • 24h High: 34.1631 PHP
  • 24h Low: 34.1388 PHP

Market Analysis

The NZD/PHP pair is currently trading with limited volatility in the short term. Technical indicators suggest a cautious market outlook.

  • Technical levels: Daily support at 33.64 PHP, daily resistance at 33.82 PHP. Short-term support levels at 32.57 PHP and 32.12 PHP
  • RSI indicator: The 14-day Relative Strength Index (RSI) stands at 36.677, suggesting an oversold condition and a bearish signal
  • Trading opportunities: Monitor price action near key support levels for potential reversal opportunities; watch for breaks above resistance for confirmation of bullish momentum

Outlook

According to market forecasts, NZD/PHP is expected to see a 6.75% rise over the next 12 months, with a potential target rate of ₱36.44.

Conclusion

Continue to monitor NZD/PHP price action closely, integrating technical analysis with fundamental economic developments. Traders should pay attention to key support and resistance zones for potential entry and exit points, while remaining aware of broader economic factors affecting both currencies.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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