- The NZD/USD could test the key resistance at 0.6038 – a maximum of six months achieved for the last time in November 2024.
- The daily chart analysis suggests a bullish bias, highlighted by the presence of an ascending channel pattern.
- The initial support is close to the lower limit of this channel, around 0.5940.
The NZD/USD PAR recovers its recent losses recorded in the previous session, negotiating around 0.6000 during the first hours of European negotiation on Wednesday. The technical analysis in the daily chart indicates a bullish bias, with the formation of an ascending channel pattern. In addition, the PAR is maintained above the nine -day exponential (EMA) mobile average, pointing out an improvement in the impulse of the short -term price.
In addition, the 14 -day relative force (RSI) index is going back to the 70th mark, reinforcing the predominant bullish bias. A decisive movement above this level could indicate overcompra conditions, potentially increasing the risk of a short -term setback.
On the positive side, the NZD/USD torque could challenge the key resistance in the maximum of six months of 0.6038, last seen in November 2024. A sustained breakdown above this level would pave the way for a movement towards the upper limit of the upward channel around 0.6190. A successful breakdown of this resistance would probably reinforce the upward perspective and could open the way to the maximum of seven months about 0.6350, registered in October 2024.
The initial support is at the lower limit of the upward channel around 0.5940, followed by the nine -day EMA at 0.5907. A break below these levels could weaken the short -term bullish impulse and open the door to a greater fall towards the 50 -day EMA at 0.5766. Additional support is observed at 0.5485 – an unpaid level since March 2020.
NZD/USD: Daily graphic
New Zealander dollar today
The lower table shows the percentage of change of the New Zealand dollar (NZD) compared to the main coins today. The New Zealand dollar was the strongest currency against the Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.24% | 0.09% | -0.01% | 0.04% | -0.81% | -0.40% | 0.24% | |
| EUR | -0.24% | -0.17% | -0.24% | -0.21% | -0.99% | -0.65% | -0.01% | |
| GBP | -0.09% | 0.17% | -0.09% | -0.05% | -0.84% | -0.48% | 0.17% | |
| JPY | 0.01% | 0.24% | 0.09% | 0.05% | -0.68% | -0.41% | 0.27% | |
| CAD | -0.04% | 0.21% | 0.05% | -0.05% | -0.74% | -0.41% | 0.22% | |
| Aud | 0.81% | 0.99% | 0.84% | 0.68% | 0.74% | 0.37% | 1.03% | |
| NZD | 0.40% | 0.65% | 0.48% | 0.41% | 0.41% | -0.37% | 0.66% | |
| CHF | -0.24% | 0.01% | -0.17% | -0.27% | -0.22% | -1.03% | -0.66% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the New Zealand dollar of the left column and move along the horizontal line to the US dollar, the percentage change shown in the box will represent the NZD (base)/USD (quotation).
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.
