- The NZD/USD tries to overcome the nine -day EMA, pointing out a possible increase in short -term pricing impulse.
- The 14 -day RSI has risen above the 50 mark, reviving a bullish perspective.
- The immediate support is observed in the nine -day EMA at 0.5748, followed by the 50 -day EMA at 0.5719.
The NZD/USD continues its bullish impulse for the second consecutive day, around 0.5750 during the European negotiation hours on Wednesday. The technical analysis of the daily graphic indicates a dominant bullish bias, with the torque maintaining its position within an ascending channel. In addition, the 14 -day relative force (RSI) index has risen over the 50th mark, reinforcing a renewed upward perspective.
In addition, the NZD/USD is making an effort to break over the nine -day exponential (EMA) mobile average, indicating the potential to strengthen the impulse of short -term prices. The nine -day EMA remaining above the 50 -day EMA further supports the broader upward trend, pointing out a continuous recovery.
Upwards, a decisive breakdown above the nine -day EMA could further strengthen the short -term impulse, potentially leading to the NZD/USD towards a maximum of three months of 0.5832, last reached for March 18. Beyond this level, additional resistance is observed near the upper limit of the ascending channel, around 0.5880.
The nine -day EMA at 0.5748 serves as immediate support, followed by the 50 -day EMA in 0.5719. A rupture below this level could weaken the impulse in the medium term, increasing the downward pressure on the NZD/USD to test the psychological support in 0.5700, with the lower limit of the ascending channel about 0.5660 as the next key level. A rupture below this channel could reinforce the bearish trend, potentially pushing the pair towards the monthly minimum of 0.5593, recorded on March 3.
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. The New Zealand dollar was the strongest currency against pound sterling.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | 0.44% | 0.21% | -0.18% | -0.23% | -0.33% | 0.10% | |
| EUR | -0.00% | 0.43% | 0.18% | -0.18% | -0.22% | -0.33% | 0.09% | |
| GBP | -0.44% | -0.43% | -0.23% | -0.61% | -0.65% | -0.77% | -0.30% | |
| JPY | -0.21% | -0.18% | 0.23% | -0.38% | -0.45% | -0.54% | -0.09% | |
| CAD | 0.18% | 0.18% | 0.61% | 0.38% | -0.02% | -0.16% | 0.31% | |
| Aud | 0.23% | 0.22% | 0.65% | 0.45% | 0.02% | -0.11% | 0.34% | |
| NZD | 0.33% | 0.33% | 0.77% | 0.54% | 0.16% | 0.11% | 0.45% | |
| CHF | -0.10% | -0.09% | 0.30% | 0.09% | -0.31% | -0.34% | -0.45% |
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.
