- The NZD/USD drops to 0.5650 on Wednesday, reversing Tuesday’s attempt to recover the 20 -day SMA.
- The technical indicators indicate a weakening of the impulse, with the RSI in decline and the MACD showing neutral conditions.
- A decisive breakdown below 0.5650 could reinforce the bearish pressure, while buyers must defend this level to avoid major losses.
The NZD/USD pair registered moderate losses on Wednesday, going back to 0.5650 as the sales pressure returned after Tuesday attempt to recover land. The pair continues to fight against its simple mobile average (SMA) of 20 days, a critical threshold that could determine the short -term perspective. A failure to stay above this level could open the door to an additional downward movement.
Technical indicators paint a cautious panorama. The relative force index (RSI) is in decline in 49, pointing out a growing sales interest, while the MACD histogram remains flat with green bars, suggesting a lack of strong directional impulse. This combination indicates a market in consolidation, without bundles or bassists taking total control.
From a structural point of view, 0.5650 serves as a pivotal level. A clear rupture below this threshold could pave the road to 0.5600, while a sustained purchase would be required above the 20 -day SMA for any significant upward reversion, with an initial resistance seen in 0.5685 and 0.5700.
NZD/USD Daily Graphic
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
