NZD/USD Price Forecast: Tests barrier at nine-day EMA near 0.6200
|- NZD/USD could encounter immediate resistance around the nine-day EMA at the 0.6203 level.
- The 14-day RSI remains above the 50 level, confirming the overall bullish trend.
- The immediate support appears around the 14-day EMA at 0.6180 level, aligned with the lower boundary.
NZD/USD holds its position around 0.6200 during the European hours on Thursday. On the daily chart, the pair is trekking above the lower boundary of the ascending channel, supporting a bullish bias. A break below the lower boundary would weaken the bullish bias.
The 14-day Relative Strength Index (RSI) remains above the 50 level, confirming the overall bullish trend. Additionally, the nine-day Exponential Moving Average (EMA) is positioned above the 14-day EMA, signaling that the NZD/USD pair is experiencing short-term upward momentum and is likely to continue rising.
On the upside, the NZD/USD pair may encounter immediate resistance around the nine-day EMA at the 0.6203 level, followed by the seven-month high of 0.6247, recorded on August 21. A break above this level could lead the pair to test the upper boundary of the ascending channel at 0.6330.
In terms of support, the NZD/USD pair may find immediate support at the 14-day EMA at 0.6180 level, aligned with the lower boundary of the ascending channel around the 0.6170 level. A break below this level could weaken the bullish bias and lead the pair to navigate the area around the psychological level of 0.6100.
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 Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.00% | 0.04% | -0.06% | 0.04% | 0.12% | 0.03% | 0.06% | |
| EUR | -0.01% | 0.05% | -0.06% | 0.06% | 0.12% | 0.06% | 0.05% | |
| GBP | -0.04% | -0.05% | -0.11% | 0.03% | 0.07% | 0.02% | 0.00% | |
| JPY | 0.06% | 0.06% | 0.11% | 0.11% | 0.18% | 0.10% | 0.14% | |
| CAD | -0.04% | -0.06% | -0.03% | -0.11% | 0.08% | 0.00% | 0.00% | |
| AUD | -0.12% | -0.12% | -0.07% | -0.18% | -0.08% | -0.07% | -0.06% | |
| NZD | -0.03% | -0.06% | -0.02% | -0.10% | 0.00% | 0.07% | 0.00% | |
| CHF | -0.06% | -0.05% | -0.01% | -0.14% | -0.01% | 0.06% | -0.01% |
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).
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.