Select Language

NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA

Breaking news

NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.06.19 16:09
NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA

update 2025.06.19 16:09

  • NZD/USD may find initial support near the 50-day EMA at 0.5943.
  • A bearish outlook emerges as the pair has breached below the ascending channel.
  • A successful recovery to the ascending channel would support the pair to test the nine-day EMA of 0.6017.

NZD/USD falls nearly 1% on Thursday, trading around 0.5970 during the early European hours on Thursday. The technical analysis of the daily chart suggests the emergence of a bearish bias, as the pair has broken below the lower boundary of the ascending channel pattern.

The short-term price momentum is weaker as the NZD/USD pair is falling below the nine-day Exponential Moving Average (EMA). Additionally, the bearish outlook strengthens as the 14-day Relative Strength Index (RSI) is also positioned below the 50 mark.

On the downside, the NZD/USD pair is poised to target the 50-day EMA at 0.5943. A break below this level could weaken the medium-term price momentum and pave the way for a deeper decline toward 0.5485, the lowest level since March 2020.

The NZD/USD pair may attempt to rebound toward the ascending channel and target the nine-day EMA of 0.6017, followed by the eight-month high of 0.6081, which was reached on June 5. A successful break above this level may revive the bullish bias and support the pair to approach the upper boundary of the ascending channel around the psychological level of 0.6200. Further resistance appears around the nine-month high of 0.6350, recorded in October 2024.

NZD/USD: Daily Chart

New Zealand Dollar PRICE Today

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 US Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.09% 0.14% 0.12% 0.23% 0.71% 0.96% 0.21%
EUR -0.09% 0.02% -0.03% 0.05% 0.53% 0.80% 0.07%
GBP -0.14% -0.02% -0.04% 0.03% 0.51% 0.87% 0.24%
JPY -0.12% 0.03% 0.04% 0.09% 0.45% 0.76% 0.18%
CAD -0.23% -0.05% -0.03% -0.09% 0.39% 0.74% 0.20%
AUD -0.71% -0.53% -0.51% -0.45% -0.39% 0.40% -0.34%
NZD -0.96% -0.80% -0.87% -0.76% -0.74% -0.40% -0.67%
CHF -0.21% -0.07% -0.24% -0.18% -0.20% 0.34% 0.67%

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).


Date

Created

 : 2025.06.19

Update

Last updated

 : 2025.06.19

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

GBP/JPY retreats from near one-year highs as Yen regains ground

The British Pound (GBP) eases slightly against the Japanese Yen (JPY) on Wednesday, retreating after rising to 199.83 -- its highest level since late July 2024.
New
update2025.07.10 03:17

WTI Crude Oil rises as Red Sea attacks overshadow EIA inventory build

WTI Crude Oil is trading higher on Wednesday as attacks in the Red Sea overshadow reports of rising supply.
New
update2025.07.10 01:45

Trump announces another batch of sweeping tariffs

US President Donald Trump hit the ground running on Wednesday, unveiling his next list of countries that will be facing double-digit tariffs on August 1 if satisfactory trade deals are not delivered. Trump also reiterated his warnings of an additional 10% tariff on any BRICS-aligned country.
New
update2025.07.10 01:41

EUR/CHF weakens near multi-week range low as ECB flags broader global risks

The Euro (EUR) weakens against the Swiss Franc (CHF) on Wednesday, with EUR/CHF trading near the lower boundary of its multi-week range around 0.9318. The cross remains under pressure following fresh comments from European Central Bank (ECB) officials that added to the cautious mood around the Euro.
New
update2025.07.10 00:35

EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs

The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appetite improved due to most US equity indices registering gains as traders brace for the release of the latest Federal Reserve monetary policy meeting minutes. At the time of writing, the cross trades at 0.8622.
New
update2025.07.10 00:25

President Trump: Our Fed rate is at least 3 points too high

Another round of the White House-Federal Reserve dispute saw President Donald Trump urge the Fed to decrease its interest rate by a minimum of 3 percentage points, reiterating his request for the bank to lower rates to alleviate the cost of servicing the nation's debt.
New
update2025.07.09 23:52

EUR/USD stalls ahead of Fed Minutes and major US Treasury auction

The Euro (EUR) is trading flat against the US Dollar (USD) on Wednesday as investors turn cautious ahead of key US economic events.
New
update2025.07.09 23:45

British Pound flattens against US Dollar amid BoE warnings on global financial risks

The British Pound (GBP) flattens against the US Dollar (USD) on Wednesday, halting its three-day losing streak despite a steady Greenback as traders react to the Bank of England's (BoE) latest Financial Stability Report.
New
update2025.07.09 23:25

Fed Minutes to offer clues on next rate cuts amid tariff turmoil

The Minutes of the United States (US) Federal Reserve's (Fed) June 17-18 monetary policy meeting will be published on Wednesday at 18:00 GMT.
New
update2025.07.09 22:15

EUR/JPY retreats from YTD high amid trade tensions and overbought signals

The Euro (EUR) is slipping against the Japanese Yen (JPY), easing from its recent year-to-date high of 172.28 reached on Wednesday amid fresh concerns over potential US tariffs targeting Japan.
New
update2025.07.09 22:13

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel