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Currencies NZD/USD

NZD/USD Price Outlook: Bullish Momentum Aims at 0.6038 Resistance, Support Remains at 0.5929

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  • April 25, 2025
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NZD/USD currency pair is presently facing short-term bullish momentum, holding losses under the 0.6000 level. The technical indicators are reflecting a positive bias, and the pair is currently trading above the nine-day Exponential Moving Average (EMA), indicating a possible rebound towards the crucial resistance level of 0.6038, the six-month high. The 14-day Relative Strength Index (RSI) at levels above 50 also underpins the positive outlook, suggesting a move to the seven-month high of 0.6350 is within reach. Yet, should the price drop below the nine-day EMA line at 0.5929, bearish pressure might be elevated, potentially testing the 50-day EMA at 0.5781, with subsequent losses focusing on the 0.5485 support level. KEY LOOKOUTS • The nine-day EMA at 0.5929 currently supports the NZD/USD pair. A decline below this level may indicate a change towards a bearish trend, and further decline towards the 50-day EMA at 0.5781. • The major resistance level of 0.6038, the six-month high, may be tested as the pair continues to show bullish momentum. A persistent break above it would set the stage for a possible rally to the seven-month high of about 0.6350. •  The 14-day Relative Strength Index (RSI) is presently well above the 50 level, which means the bullish momentum continues to hold good. An advance towards the 70 level can further reinforce the bullish sentiment and enable a thrust towards higher levels of resistance. •  A continuing decline below the nine-day EMA would undermine the present bullish picture and result in a more significant fall, with 0.5781 and 0.5485 as levels to observe for additional downside potential. NZD/USD currency pair is displaying bullish strength, with the price remaining above the nine-day Exponential Moving Average (EMA) at 0.5929, indicating the potential for further increase. The most important resistance level to monitor is 0.6038, a six-month high, which would be tested if the upward trend persists. The 14-day Relative Strength Index (RSI) above 50 also adds to the optimistic view, and a push towards the seven-month high around 0.6350 is a possibility. Nonetheless, a breach down below the nine-day EMA would indicate a loss of the bullish momentum, leaving way open for further declines with support levels at 0.5781 and 0.5485 in the picture. NZD/USD is displaying short-term bullish momentum, underpinned by the nine-day EMA at 0.5929 and by an RSI in excess of 50, with resistance at 0.6038 in the sights. A break below the EMA may induce a move lower toward support levels at 0.5781 and 0.5485. •  NZD/USD is displaying short-term bullish momentum, retaining support above the nine-day EMA at 0.5929. • The main resistance level is 0.6038, the six-month high, which may be challenged if the up trend persists. • The 14-day Relative Strength Index (RSI) is greater than 50, indicating a positive bias and possibility of further upward movement. • A break above 0.6038 may trigger a run-up to the seven-month high around 0.6350. • The first support lies at the nine-day EMA of 0.5929, which is essential to sustain the bullish momentum. • A fall below the nine-day EMA may undermine the short-term bullish outlook and lead to further declines. • Further weakening may drive the pair towards the 50-day EMA of 0.5781 and, if persisted, towards the 0.5485 support level. NZD/USD currency exchange rate is currently displaying a positive trend, with strength as it maintains levels around the 0.5960 point. This is fueled by general market conditions that support the New Zealand Dollar in the near future. As the pair keeps displaying a positive run, it offers potential for the achievement of future gains, particularly with traders watching key price points that could trigger more advancement. The outlook for the pair is also good, and most are focusing on potential areas of resistance to determine how well it can keep going upwards. NZD/USD DAILY CHART PRICE CHART SOURCE: TradingView In the future, the NZD/USD pair will continue to attract attention if it can support itself and maintain its momentum at the moment. Short-term price fluctuations are natural in the market, but generally, the tone is upbeat thanks to robust fundamentals and investor confidence. As the duo advances, focus will be on its capacity to maintain recent gains and possibly test higher levels, which would further cement the bullish expectation for the currency in the near term. TECHNICAL ANALYSIS NZD/USD is demonstrating short-term bullish momentum, with the price remaining above the nine-day Exponential Moving Average (EMA) at 0.5929, reflecting positive price action in the near term. The 14-day Relative Strength Index (RSI) is above 50, also in support of the bullish bias and indicating that the pair may extend its rally. A breakout above the important resistance level at 0.6038 would confirm the continuation of the rally to higher levels, while holding on above the EMA supports the positive sentiment. But any fall below the nine-day EMA might indicate a possible change in trend, and support levels need to be watched closely for further guidance. FORECAST NZD/USD is showing good short-term bullish momentum now, and if it continues to hold above the nine-day Exponential Moving Average (EMA), it might challenge the critical resistance level at 0.6038. A successful break above this resistance would pave the way for the pair to potentially reach the seven-month high near 0.6350, last seen in October 2024. The prevailing positive market sentiment, supported by the RSI staying above 50, indicates that the pair may continue to gain ground in the near term, challenging higher resistance levels as it maintains upward momentum. On the negative side, a breach below the nine-day EMA at 0.5929 may indicate weakening of the present bullish trend. If the pair cannot maintain above this support level, it may experience further downward pressure to the 50-day EMA at 0.5781. In a more bearish setup, if bears continue to reign, the pair may test deeper support levels near 0.5485, which has not been touched since March 2020. So, a breakdown below the EMA would have alarms ringing about further depreciation, and traders

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Currencies NZD/USD

NZD/USD Price Forecast: Key Technical Levels and Market Sentiment Analysis

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  • February 11, 2025
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The NZD/USD pair is consolidating around the 0.5650 level, with immediate resistance at the nine-day EMA of 0.5654. The 14-day RSI is still below the 50 level, which indicates a prevailing bearish sentiment. A break below 0.5650 may push the pair toward the lower boundary of the rectangular pattern at 0.5550, with further support at 0.5516. Conversely, in the event that the pair breaks below 0.5654, it could be on its way to rallying and trying to reach its nine-week high at 0.5794 and psychological resistance at 0.5800. The technical structure calls for the fight between the bulls and the bears, with the next direction dependent on some key support and resistance levels. KEY LOOKOUTS • A breach of this level could now heighten the pressure on the bears, and NZD/USD now drops toward 0.5550 then critical support at 0.5516. • The pair, above this level, could intensify short-term bullish momentum towards the 0.5794 high and psychological resistance at 0.5800. • The 14-day RSI remains below 50, meaning the buying momentum is weak, and the odds are in favor of a lower movement unless sentiment improves. • The pair is within a well-defined range. A breakout in either direction can determine the next significant trend for NZD/USD. The NZD/USD pair is currently trading through a critical area and finds immediate support near 0.5650 with resistance to the nine-day EMA at 0.5654. A break below 0.5650 will increase the bears’ pressure, send the pair to the 0.5550 region and down towards 0.5516, low since October 2022. On the upside, overcoming the hurdle at 0.5654 will boost the bulls for further moves till 0.5794 and then on to the psychological level of 0.5800. Signs. The 14-day RSI remains below 50, showing weak buying pressure, while the pair is consolidating within a rectangular pattern, which would be an indecisive market awaiting a breakout to determine which way the next major move is. The NZD/USD pair hovers around 0.5650, facing immediate resistance at the nine-day EMA of 0.5654. A break below 0.5650 could trigger a decline toward 0.5550, while a move above 0.5654 may strengthen bullish momentum toward 0.5794. The 14-day RSI below 50 suggests a bearish bias as the pair consolidates within a rectangular pattern. • A clear break below this level is likely to send NZD/USD to 0.5550 and potentially beyond that to the lowest level since October 2022, 0.5516. • On a break above this level, bullish short-term momentum is likely to gain strength, taking the cable toward 0.5794 and later to the psychological point of 0.5800. • Relative Strength Index is still below the 50 mark, confirming low selling pressure and thus high selling bias. • The pair breaks within a range, and a breakout in either direction could determine the next major trend for NZD/USD • If bullish momentum drives on, the next target is 0.5794, then 0.5800 and the top of the rectangle at 0.5810 • Aggressive move below the lower threshold of 0.5650 could lead to increased selling, strengthening bearish sentiment and increasing losses toward the lower support zones. • Both buyers and sellers are in limbo, with the price direction dependent on the breakout from this consolidation stage. The NZD/USD pair is at a crucial juncture, testing immediate support at 0.5650 while facing resistance at the nine-day EMA of 0.5654. The 14-day RSI has yet to cross above the 50 level, keeping the selling pressure bias with weak buying pressure. If it breaks below 0.5650, the pair might continue south toward 0.5550, then lock into a critical support area at 0.5516, which also happens to be its nadir since October 2022. Alternatively, a successful breakout above 0.5654 could propel the market into the hands of buyers and unlock the way to 0.5794, then on to the psychological resistance at 0.5800. NZD/USD Daily Price Chart TradingView Prepared by ELLYANA The range-bound situation between the two remains within a rectangle, hinting that long-term direction for market participants remains ambiguous. An exit from the rectangle will probably be the onset of the new trend, upward would indicate more renewed strength while downward would point towards further downsides. Trades must keep watch at the main levels as it can break strongly in either side, which could signal the direction for the coming movement of NZD/USD. TECHNICAL ANALYSIS NZD/USD maintains a rectangular kind of consolidation showing indecision. The immediate resistance is the nine-day Exponential Moving Average of 0.5654; the support region is at the 0.5650 levels. The relative strength index over 14 periods is below the 50 points, indicating there is weak purchasing pressure and strong selling pressure. A drop below 0.5650 could add pace to a fall toward 0.5550 and 0.5516, but a move above 0.5654 may push the upside toward 0.5794 and the psychological resistance at 0.5800. Given the price action is being confined to a limited range, the breakout will be a decisive move in determining the next trend direction. FORECAST NZD/USD managed to break above the nine-day EMA at 0.5654 and could have enough bullish momentum to rally towards 0.5794, which is the nine-week high that NZD/USD recently made. A strong move above this level could send the pair towards the psychological resistance at 0.5800 and then to the upper boundary of the rectangular pattern at 0.5810. A bullish breakout of this consolidation pattern could spur a trend reversal that attracts higher buyers and strengthens the uptrend even more. However, for consistent upside drive, the pair would require healthy fundamental support, such as positive economic data from New Zealand or a weakening U.S. dollar. On the opposite side of the fence, if NZD/USD fails to hold above the base level support at 0.5650, then bearish pressure could potentially strengthen and push it towards 0.5550. A deeper drop from here would push the pair into further losses, with the next significant stop at 0.5516 – the lowest level since October 2022. A bearish breakdown of the current rectangular pattern can trigger a selling pressure increase if global

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