- The NZD/USD pair could encounter immediate resistance around the 0.5912 level, coinciding with the nine-day Exponential Moving Average (EMA).
- The 14-day Relative Strength Index (RSI) is currently hovering at the 50 mark, suggesting a balanced, neutral market sentiment.
- A potential downside scenario could see the pair retesting initial support near 0.5850, which corresponds to the lower boundary of the established rectangular trading range.
The NZD/USD pair is exhibiting a recovery from losses incurred in the previous trading session, trading near the 0.5890 mark during the European trading hours on Tuesday. A technical analysis of the daily chart indicates a neutral outlook, with the currency pair currently consolidating within a defined rectangular pattern, suggesting a period of equilibrium between buyers and sellers. Market participants are closely watching upcoming economic data releases from both New Zealand and the United States, which could provide catalysts for a breakout from the current range.
Furthermore, the 14-day Relative Strength Index (RSI) is positioned precisely at the 50 level, reinforcing the neutral market bias. This reading suggests that neither bullish nor bearish forces are currently dominant. A more definitive directional trend is likely to emerge as price action unfolds and the RSI moves away from this equilibrium point. However, the NZD/USD pair’s position below the nine-day Exponential Moving Average (EMA) indicates a degree of short-term weakness, suggesting that upward momentum is currently limited.
The immediate resistance level to watch is the nine-day EMA, currently situated at 0.5912. A decisive break above this level could potentially invigorate short-term bullish momentum, paving the way for the NZD/USD pair to target the upper boundary of the rectangular range at 0.6020. Beyond this, the next significant resistance lies at the six-month high of 0.6038, a level last observed in November 2024. A sustained move above this point could signal a more substantial bullish trend. Further resistance could then be encountered near the seven-month high around 0.6350, a level reached in October 2024.
Conversely, on the downside, the NZD/USD pair may initially retest support at the lower boundary of the rectangle, positioned around 0.5850, followed by the 50-day EMA at 0.5836. A breach below this critical support zone could undermine medium-term price momentum, potentially exerting downward pressure on the NZD/USD pair and leading to a test of the 0.5485 support level, a price point not seen since March 2020. Investors should also consider broader macroeconomic factors, such as interest rate differentials between the Reserve Bank of New Zealand and the Federal Reserve, which could influence the pair’s trajectory.
NZD/USD: Daily Chart
New Zealand Dollar PRICE Today
The table below illustrates the percentage change of the New Zealand Dollar (NZD) against a selection of major currencies in today’s trading session. Analysis reveals that the New Zealand Dollar exhibited the strongest performance relative to the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.15% | -0.22% | -0.34% | 0.10% | -0.47% | -0.53% | -0.60% | |
| EUR | 0.15% | -0.07% | -0.15% | 0.25% | -0.31% | -0.36% | -0.41% | |
| GBP | 0.22% | 0.07% | -0.10% | 0.31% | -0.22% | -0.32% | -0.34% | |
| JPY | 0.34% | 0.15% | 0.10% | 0.45% | -0.13% | -0.22% | -0.21% | |
| CAD | -0.10% | -0.25% | -0.31% | -0.45% | -0.65% | -0.63% | -0.68% | |
| AUD | 0.47% | 0.31% | 0.22% | 0.13% | 0.65% | -0.05% | -0.10% | |
| NZD | 0.53% | 0.36% | 0.32% | 0.22% | 0.63% | 0.05% | -0.05% | |
| CHF | 0.60% | 0.41% | 0.34% | 0.21% | 0.68% | 0.10% | 0.05% |
The heat map visually represents the percentage changes among major currencies. The base currency is selected from the left column, while the corresponding quote currency is identified along the top row. For instance, selecting the New Zealand Dollar as the base currency and tracing horizontally to the US Dollar will reveal the percentage change reflecting the NZD/USD exchange rate.
