- The NZD/USD can initially support a 50 -day EMA at 0.5830.
- The 14 -day RSI that remains above level 50 suggests a sustained bullish bias.
- A rupture above the nine -day EMA at 0.5946 could pave the way for the pair to enter the ascending channel again.
The NZD/USD pair extends losses per second consecutive session, quoting around 0.5930 during the European hours on Thursday. The technical analysis of the daily graphic indicates a weakening of the bullish bias, since the par quotes below the pattern of ascending channel.
In addition, the NZD/USD is below the nine -day exponential (EMA) mobile average, suggesting that the short -term pricing impulse is weaker. However, the 14 -day relative force index (RSI) is still positioned above the 50’s mark, suggesting that the bullish bias is at stake. If the 14 -day RSI breaks below the 50 brand, could confirm the change to a bearish market.
At the bottom, the NZD/USD torque could find the initial support around the 50 -day EMA at 0.5831, followed by the psychological level of 0.5800. A rupture below this crucial support area could weaken the impulse of medium -term prices and exert down pressure on the NZD/USD torque to test the support at 0.5485, an unpaid level since March 2020.
The immediate barrier seems to be in the nine -day EMA of 0.5945, followed by the lower limit of the upward channel around 0.6000. A return to the channel could rekindle the bullish bias and support the torque 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 the upper limit of the upward channel around 0.6280, followed by the maximum of seven months about 0.6350, recorded in October 2024.
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 weakest currency against the US dollar.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.07% | 0.10% | 0.53% | 0.18% | 0.06% | 0.23% | 0.47% | |
| EUR | -0.07% | 0.05% | 0.47% | 0.09% | 0.00% | 0.17% | 0.41% | |
| GBP | -0.10% | -0.05% | 0.46% | 0.07% | -0.02% | 0.13% | 0.34% | |
| JPY | -0.53% | -0.47% | -0.46% | -0.37% | -0.47% | -0.31% | -0.11% | |
| CAD | -0.18% | -0.09% | -0.07% | 0.37% | -0.11% | 0.06% | 0.26% | |
| Aud | -0.06% | -0.00% | 0.02% | 0.47% | 0.11% | 0.17% | 0.40% | |
| NZD | -0.23% | -0.17% | -0.13% | 0.31% | -0.06% | -0.17% | 0.20% | |
| CHF | -0.47% | -0.41% | -0.34% | 0.11% | -0.26% | -0.40% | -0.20% |
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.
