NZD/USD Price Analysis: Eyes another battle with 200-DMA resistance near 0.6150

NZD/USD picks up bids to reverse late Thursday’s pullback from 200-DMA.
Bearish MACD signals, steady RSI keeps Kiwi pair sellers hopeful.
Three-week-old descending trend line adds to the upside filters.
Upward-sloping support line from November 2022 becomes crucial to watch NZD/USD bears.

Anil Panchal FXStreet

NZD/USD regains upside momentum after two failed attempts to cross the 200-DMA hurdles, grinds higher around mid-0.6100s during early Friday.

Not only the repeated failures to cross the 200-DMA hurdle, around 0.6160 by the press time, but the bearish MACD signals also weigh on the Kiwi pair prices. That said, a steady RSI (14) line signals further grinding of the NZD/USD.

It’s worth noting that the quote’s break of the 200-DMA resistance surrounding 0.6160 isn’t an open welcome for the bulls as a downward-sloping resistance line from early April, close to 0.6180 could challenge the pair’s further upside.

Even if the NZD/USD price rallies beyond 0.6180, multiple levels marked during late March around the 0.6200 threshold can act as the last defense of the bears.

On the flip side, the recent bottom around the 0.6100 round figure can prod the NZD/USD bears before directing them to the key support line stretched from November 2022, around 0.6090 at the latest.

Should the NZD/USD pair offers a daily closing below 0.6090, the previous monthly low of near 0.6085 and the mid-November 2022 bottom of around 0.6065 may act as an extra filter towards the south before welcoming the bears with open hands.

NZD/USD: Daily chart

Trend: Further downside expected

Additional important levels

Overview
Today last price	0.6146
Today Daily Change	0.0029
Today Daily Change %	0.47%
Today daily open	0.6117

Trends
Daily SMA20	0.6215
Daily SMA50	0.621
Daily SMA100	0.629
Daily SMA200	0.6161

Levels
Previous Daily High	0.6163
Previous Daily Low	0.6111
Previous Weekly High	0.6227
Previous Weekly Low	0.6126
Previous Monthly High	0.6298
Previous Monthly Low	0.6084
Daily Fibonacci 38.2%	0.6131
Daily Fibonacci 61.8%	0.6143
Daily Pivot Point S1	0.612
Daily Pivot Point S2	0.6093
Daily Pivot Point S3	0.6072
Daily Pivot Point R1	0.6168
Daily Pivot Point R2	0.6189
Daily Pivot Point R3	0.6216

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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.