NZD/USD Price Analysis: Bulls attempt to reclaim 20-day SMA

NZD/USD climbs on Tuesday, reaching 0.5655 as buyers gain traction.
The pair tests the 20-day SMA at 0.5650, a key technical threshold.
Momentum indicators show mixed signals, with bullish attempts facing resistance.

Patricio Martín FXStreet

NZD/USD advanced on Tuesday, rising 0.31% to trade at 0.5655 as bulls attempted to regain control. The pair is currently testing the 20-day Simple Moving Average (SMA) at 0.5650, a level that has acted as a key resistance zone. A sustained hold above this mark could improve the near-term outlook, while failure to maintain upward pressure may leave the pair vulnerable to renewed selling.

Technical indicators offer a mixed perspective. The Relative Strength Index (RSI) has climbed sharply to 51, signaling improving bullish sentiment as it moves into positive territory. However, the Moving Average Convergence Divergence (MACD) histogram remains flat with green bars, suggesting that while selling pressure has eased, bullish momentum remains tentative.

Looking ahead, a decisive break above 0.5670 could open the door toward 0.5700, reinforcing a more constructive bias. On the downside, if the pair fails to hold the 20-day SMA, sellers may regain control, with immediate support emerging at 0.5620, followed by the 0.5600 psychological level.

NZD/USD daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.