- NZD/USD could find immediate resistance around the nine-day EMA at the 0.6203 level.
- The 14-day RSI remains above the 50 level, confirming the overall bullish trend.
- Immediate support appears around the 14-day EMA at the 0.6180 level, aligned with the lower boundary.
NZD/USD is holding around 0.6200 during the European hours on Thursday. On the daily chart, the pair is trading above the lower boundary of the ascending channel, supporting a bullish bias. A break below the lower boundary would weaken the bullish bias.
The 14-day RSI is holding above the 50 level, confirming the overall bullish trend. Moreover, the nine-day EMA is positioned above the 14-day EMA, signaling that the NZD/USD pair is experiencing bullish momentum in the short term and is likely to continue rising.
On the upside, the NZD/USD pair could find immediate resistance around the nine-day EMA at the level of 0.6203, followed by the seven-month high of 0.6247, recorded on August 21. A break above this level could lead the pair to test the upper boundary of the ascending channel at 0.6330.
In terms of support, the NZD/USD pair could find immediate support at the 14-day EMA at the level of 0.6180, aligned with the lower boundary of the ascending channel around the level of 0.6170. A break below this level could weaken the bullish bias and lead the pair to navigate the area around 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 | 0.00% | 0.04% | -0.06% | 0.04% | 0.12% | 0.03% | 0.06% | |
| EUR | -0.01% | 0.05% | -0.06% | 0.06% | 0.12% | 0.06% | 0.05% | |
| GBP | -0.04% | -0.05% | -0.11% | 0.03% | 0.07% | 0.02% | 0.00% | |
| JPY | 0.06% | 0.06% | 0.11% | 0.11% | 0.18% | 0.10% | 0.14% | |
| CAD | -0.04% | -0.06% | -0.03% | -0.11% | 0.08% | 0.00% | 0.00% | |
| AUD | -0.12% | -0.12% | -0.07% | -0.18% | -0.08% | -0.07% | -0.06% | |
| NZD | -0.03% | -0.06% | -0.02% | -0.10% | 0.00% | 0.07% | 0.00% | |
| CHF | -0.06% | -0.05% | -0.01% | -0.14% | -0.01% | 0.06% | -0.01% |
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.
