- The NZD/USD could find the next barrier at the maximum of six months of 0.6038.
- If the 14 -day RSI breaks above 70, it could indicate overcompra conditions and increase the risk of a possible setback.
- A rupture below the nine -day EMA at 0.5870 could undermine the short -term bundle impulse.
The NZD/USD pair extends its winning streak that began on April 9, quoting around 0.6010 during the first hours of European negotiation on Thursday. The technical indicators in the daily chart point to a bullish bias, with the torque remaining above the nine -day exponential (EMA) mobile average.
However, the 14 -day relative force index (RSI) is located just below level 70, supporting the predominant bullish bias. A decisive breakdown above 70, however, could indicate overcompra conditions and increase the risk of a possible setback. Meanwhile, the nine -day EMA rises above the 50 -day EMA, reinforcing the broader upward trend and suggesting the most increases potential.
On the positive side, the NZD/USD torque could challenge the key resistance in the maximum of six months of 0.6038, last reached in November 2024. A sustained breakdown above this level would probably strengthen the upward perspective and open the door to a movement towards the maximum of seven months about 0.6350, registered in October 2024.
The main support is in the nine -day EMA of 0.5870. A rupture below this level could undermine the short -term bullish impulse and expose the NZD/USD to the more falls of 50 days at 0.5748. Additional support is found at 0.5485, a level not seen 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. New Zealand dollar was the strongest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -1.45% | -0.90% | -1.11% | -0.37% | -0.78% | -1.41% | -1.54% | |
| EUR | 1.45% | 0.42% | 0.33% | 1.05% | 0.50% | 0.00% | -0.12% | |
| GBP | 0.90% | -0.42% | 0.08% | 0.64% | 0.08% | -0.40% | -0.53% | |
| JPY | 1.11% | -0.33% | -0.08% | 0.75% | 0.22% | -0.18% | -0.40% | |
| CAD | 0.37% | -1.05% | -0.64% | -0.75% | -0.53% | -1.04% | -1.16% | |
| Aud | 0.78% | -0.50% | -0.08% | -0.22% | 0.53% | -0.48% | -0.62% | |
| NZD | 1.41% | -0.01% | 0.40% | 0.18% | 1.04% | 0.48% | -0.11% | |
| CHF | 1.54% | 0.12% | 0.53% | 0.40% | 1.16% | 0.62% | 0.11% |
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.
