- NZD/USD could test the nine-day EMA at 0.6210, followed by the seven-month high of 0.6247.
- The 14-day RSI remains above the 50 level, confirming a persistent bullish trend.
- Immediate support appears around the psychological level of 0.6200, aligned with the 14-day EMA at 0.6190.
NZD/USD is retracing its recent gains, trading around 0.6210 during Asian hours on Friday. On the daily chart, the pair is moving above the lower boundary of the ascending channel, which supports a bullish outlook. A move below the lower boundary could weaken the bullish sentiment.
The 14-day Relative Strength Index (RSI) is holding above the 50 level, signaling a persistent bullish trend. Moreover, the nine-day exponential moving average (EMA) is above the 14-day EMA, indicating that the NZD/USD pair is experiencing bullish momentum in the short term and is expected to continue its ascent.
On the upside, the NZD/USD pair faces immediate resistance near the nine-day EMA at 0.6210, with added resistance at the seven-month high of 0.6247 recorded on August 21. A break above this level could lead the pair towards the upper boundary of the ascending channel, around 0.6350.
As for support, the NZD/USD pair could test the 14-day EMA at the level of 0.6190, which aligns with the lower boundary of the ascending channel. A drop below this level could dampen the bullish bias and lead the pair towards the psychological level of 0.6100.
NZD/USD: Daily Chart
New Zealand Dollar PRICE Today
The table below shows the exchange rate of the New Zealand Dollar (NZD) against major currencies today. The New Zealand Dollar was the weakest currency against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.05% | 0.02% | -0.80% | -0.06% | 0.15% | 0.09% | -0.27% | |
| EUR | 0.05% | 0.07% | -0.76% | -0.03% | 0.20% | 0.13% | -0.22% | |
| GBP | -0.02% | -0.07% | -0.81% | -0.08% | 0.14% | 0.07% | -0.29% | |
| JPY | 0.80% | 0.76% | 0.81% | 0.75% | 0.96% | 0.87% | 0.52% | |
| CAD | 0.06% | 0.03% | 0.08% | -0.75% | 0.20% | 0.16% | -0.21% | |
| AUD | -0.15% | -0.20% | -0.14% | -0.96% | -0.20% | -0.07% | -0.44% | |
| NZD | -0.09% | -0.13% | -0.07% | -0.87% | -0.16% | 0.07% | -0.36% | |
| CHF | 0.27% | 0.22% | 0.29% | -0.52% | 0.21% | 0.44% | 0.36% |
The heatmap shows percentage changes of major currencies. The base currency is selected from the left column, while the quote currency is selected from the top row. For example, if you choose the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the chart will represent the NZD (base)/USD (quote).
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.
