- The NZD/USD can find initial resistance in the 9 -day EMA of 0.6028.
- The 14 -day relative force (RSI) index remains above level 50, suggesting that there is a bullish bias at stake.
- A rupture below the lower limit of the ascending channel about 0.6020 could point out the start of a bassist bias.
The NZD/USD is retreating its recent losses, quoting around 0.6030 during the European hours on Wednesday. The technical analysis of the daily chart suggests a potential weakening of the bullish bias, since the torque proves the lower limit of the ascending channel pattern.
The short -term pricing impulse is weaker since the NZD/USD is positioned slightly below the 9 -day exponential (EMA) mobile average. However, the bullish feeling is still at stake since the 14 -day relative force index (RSI) remains just above level 50.
The NZD/USD torque can aim at 9 days of 0.6028, followed by the maximum of eight months of 0.6081, marked on June 5. Additional advances above this level can reinforce the bullish bias and support the torque to test the upper limit of the upward channel around 0.6190. A successful rupture above the channel could support the torque to approach to the maximum of nine months of 0.6350, marked in October 2024.
In the lower part, a break below the lower limit of the upward channel around 0.6020 could cause the appearance of a bassist bias and exert down pressure on the torque to test the 50 -day EMA at 0.5941. A break below this level could weaken the impulse of medium -term prices and pave the way for a deeper decrease towards 0.5485, a level not seen since 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 Swiss Franco.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.23% | -0.23% | -0.17% | 0.01% | -0.23% | -0.17% | 0.11% | |
| EUR | 0.23% | 0.00% | -0.02% | 0.15% | -0.11% | 0.13% | 0.34% | |
| GBP | 0.23% | -0.01% | 0.02% | 0.16% | -0.11% | -0.00% | 0.35% | |
| JPY | 0.17% | 0.02% | -0.02% | 0.23% | -0.02% | 0.25% | 0.54% | |
| CAD | -0.01% | -0.15% | -0.16% | -0.23% | -0.23% | -0.15% | 0.21% | |
| Aud | 0.23% | 0.11% | 0.11% | 0.02% | 0.23% | 0.24% | 0.47% | |
| NZD | 0.17% | -0.13% | 0.00% | -0.25% | 0.15% | -0.24% | 0.23% | |
| CHF | -0.11% | -0.34% | -0.35% | -0.54% | -0.21% | -0.47% | -0.23% |
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.
