- The NZD/USD is prepared to test the key resistance level at 0.6038, its highest point in six months.
- The 14 -day RSI is maintained above the 50 -year -old threshold, indicating a sustained bullish bias.
- The initial support is observed at the psychological level of 0.5950, closely aligned with the nine -day EMA at 0.5945.
The NZD/USD remains subdued after registering profits in the previous session, quoting around 0.5970 during the European hours on Tuesday.
The technical indicators in the daily chart suggest a bullish bias, with the torque remaining above the nine -day exponential (EMA) mobile average, indicating an improvement in the impulse of short -term prices.
In addition, the 14 -day relative force (RSI) index is positioned above the 50th mark, suggesting the prevailing bullish bias.
If the 14 -day RSI goes up to the 70th brand, it could reinforce the feeling of the market to test the maximum of six months of 0.6038, last seen in November 2024. A sustained breakdown above this level could open the doors to explore the area around its maximum of seven months about 0.6350, registered in October 2024.
Down, the initial support is at the psychological level of 0.5950, aligned with the nine -day EMA at 0.5945. A rupture below this crucial support zone could weaken the short -term bullish impulse and open the door to a greater fall towards the 50 -day EMA in 0.5796.
Higher depreciation would deepen the bassist bias and exert down pressure on the NZD/USD torque to test the support 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. New Zealander dollar was the weakest currency against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.16% | 0.14% | 0.24% | -0.07% | 0.01% | 0.02% | 0.42% | |
| EUR | -0.16% | 0.00% | 0.10% | -0.22% | -0.12% | -0.14% | 0.27% | |
| GBP | -0.14% | -0.01% | 0.08% | -0.22% | -0.11% | -0.13% | 0.27% | |
| JPY | -0.24% | -0.10% | -0.08% | -0.30% | -0.21% | -0.28% | 0.20% | |
| CAD | 0.07% | 0.22% | 0.22% | 0.30% | 0.09% | 0.09% | 0.49% | |
| Aud | -0.01% | 0.12% | 0.11% | 0.21% | -0.09% | -0.01% | 0.39% | |
| NZD | -0.02% | 0.14% | 0.13% | 0.28% | -0.09% | 0.00% | 0.40% | |
| CHF | -0.42% | -0.27% | -0.27% | -0.20% | -0.49% | -0.39% | -0.40% |
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.
