Created
: 2025.03.28
2025.03.28 16:38
The NZD/USD pair has retraced its recent gains from the previous session, hovering around 0.5710 during early European trading on Friday. The technical analysis of the daily chart suggests a bullish bias as the pair remains within an ascending channel pattern. However, the 14-day Relative Strength Index (RSI) has dipped below the 50 level, signaling a weakening bullish momentum.
Additionally, the NZD/USD pair remains below the nine-day Exponential Moving Average (EMA), suggesting weakening short-term price momentum. However, with the nine-day EMA still positioned above the 50-day EMA, the broader bullish trend remains intact, indicating the potential for continued recovery.
On the upside, a decisive break above the nine-day EMA at 0.5737 could bolster short-term momentum, potentially pushing the NZD/USD pair toward its three-month high of 0.5832, last reached on March 18. Beyond this level, the next key resistance lies near the upper boundary of the ascending channel, around 0.5900.
A break below the 50-day EMA at 0.5718 could weaken medium-term momentum, intensifying downside pressure on the NZD/USD pair. This could lead to a test of the psychological support at 0.5700, with the lower boundary of the ascending channel near 0.5670 as the next key level. A breakdown below this channel would reinforce the bearish bias, potentially driving the pair toward the monthly low of 0.5593, recorded on March 3.
The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the weakest against the Japanese Yen.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | 0.13% | 0.04% | -0.26% | 0.14% | 0.30% | 0.47% | 0.06% | |
EUR | -0.13% | -0.12% | -0.44% | -0.01% | 0.14% | 0.32% | -0.09% | |
GBP | -0.04% | 0.12% | -0.31% | 0.11% | 0.26% | 0.44% | 0.02% | |
JPY | 0.26% | 0.44% | 0.31% | 0.40% | 0.56% | 0.74% | 0.33% | |
CAD | -0.14% | 0.01% | -0.11% | -0.40% | 0.15% | 0.32% | -0.08% | |
AUD | -0.30% | -0.14% | -0.26% | -0.56% | -0.15% | 0.17% | -0.24% | |
NZD | -0.47% | -0.32% | -0.44% | -0.74% | -0.32% | -0.17% | -0.41% | |
CHF | -0.06% | 0.09% | -0.02% | -0.33% | 0.08% | 0.24% | 0.41% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote).
Created
: 2025.03.28
Last updated
: 2025.03.28
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