- The NZD/USD could have as its objective the upper limit of the rectangle around 0.6020, followed by the maximum of six months of 0.6038.
- The 14 -day RSI has risen above level 50, which suggests a developing bullish bias.
- A rupture below the 9 -day EMA of 0.5929 would weaken the impulse of short -term prices.
The NZD/USD torque maintains profits after registering approximately 1.50% profits in the previous session, quoting around 0.5940 during the European hours on Wednesday. The technical analysis of the daily chart indicates a neutral posture, since the torque continues to consolidate within a rectangular range.
However, the 14 -day relative force (RSI) index has risen above level 50, which suggests a bullish bias in development. In addition, the NZD/USD torque is maintained above the 9 -day exponential mobile average (EMA), indicating a short -term bunder impulse strengthening.
The NZD/USD torque could have as its objective the upper limit of the rectangle around 0.6020, followed by the maximum of six months of 0.6038, last seen in November 2024. A rupture above this area of ​​crucial resistance could open the doors so that the PAR explores the region around the maximum of seven months about 0.6350, registered in October 2024.
At the bottom, the NZD/USD torque could try its initial support in the 9 -day EMA of 0.5929. A rupture below this level would weaken the impulse of short -term prices and exert down the torque to re -test the initial support at the lower limit of the rectangle around 0.5850, aligned with the 50 -day EMA in 0.5843. A sustained movement below this key support zone could further deteriorate the impulse in the medium term, potentially exposing the torque to a deeper fall towards 0.5485, a level seen for the last time in 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 | -0.41% | -0.29% | -0.72% | -0.11% | -0.33% | -0.30% | -0.36% | |
| EUR | 0.41% | 0.12% | -0.25% | 0.29% | 0.09% | 0.10% | 0.04% | |
| GBP | 0.29% | -0.12% | -0.37% | 0.17% | -0.03% | -0.03% | -0.09% | |
| JPY | 0.72% | 0.25% | 0.37% | 0.54% | 0.32% | 0.34% | 0.27% | |
| CAD | 0.11% | -0.29% | -0.17% | -0.54% | -0.22% | -0.18% | -0.25% | |
| Aud | 0.33% | -0.09% | 0.03% | -0.32% | 0.22% | 0.02% | -0.04% | |
| NZD | 0.30% | -0.10% | 0.03% | -0.34% | 0.18% | -0.02% | -0.08% | |
| CHF | 0.36% | -0.04% | 0.09% | -0.27% | 0.25% | 0.04% | 0.08% |
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.
