NZD/USD Price Analysis: Bulls maintain momentum, eyes on bullish crossover

The daily indicators remain in positive territory but somewhat flattened .
The hourly charts reveal a temporary dip in the RSI and a MACD flattening, signaling a possible short-term consolidation.
Pending bullish crossover between the 200 and 100-day SMA at 0.6040 could bolster the bullish momentum in future sessions.

Patricio Martín FXStreet

During Friday's session, NZD/USD rose towards the 0.6125 level. The positive trajectory of the pair continues to convey a strong buyer influence in the market. However, echoes of consolidation may suggest a breather following the recent surge which pushed the pair above the 100 and 200-day Simple Moving Averages (SMA).

Examining the daily chart of the NZD/ pair, it is apparent that the Relative Strength Index (RSI) reveals a robust positive trend. After a close approach to overbought conditions at 69, the RSI receded to a still positive level of 63. In line with that, the Moving Average Convergence Divergence (MACD) prints flat green bars which may suggest a flattening momentum.

NZD/USD daily chart

Transitioning to the hourly chart, there is a discernible decreasing trend in the RSI readings, with figures retreating from 64 to 57 throughout Friday’s session. The MACD histogram aligns with this pattern, with flat green bars that signal reduced upward momentum.

NZD/USD hourly chart

From a broader perspective, the position of NZD/USD suggests a strong bullish trend. Trading above the Simple Moving Averages (SMA) of 20, 100, and 200-day, the pair displays upward momentum both on short-term and long-term scales.

Incorporating both the daily and hourly RSI trends, along with MACD and SMA positioning, the conclusion is drawn that the NZD/USD may need some respite after its recent surge. Despite this, the market structure maintains its bullish tone.

NZD/USD

Overview
Today last price	0.6118
Today Daily Change	0.0019
Today Daily Change %	0.31
Today daily open	0.6099

Trends
Daily SMA20	0.603
Daily SMA50	0.6003
Daily SMA100	0.6071
Daily SMA200	0.6042

Levels
Previous Daily High	0.6138
Previous Daily Low	0.6091
Previous Weekly High	0.6146
Previous Weekly Low	0.5995
Previous Monthly High	0.6079
Previous Monthly Low	0.5851
Daily Fibonacci 38.2%	0.612
Daily Fibonacci 61.8%	0.6109
Daily Pivot Point S1	0.6081
Daily Pivot Point S2	0.6062
Daily Pivot Point S3	0.6033
Daily Pivot Point R1	0.6128
Daily Pivot Point R2	0.6157
Daily Pivot Point R3	0.6175

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.