NZD/USD Price Analysis: Pair continues falling further below the 20-day SMA


  • NZD/USD falls for a third consecutive session, settling near 0.5830.
  • Bulls failed to reclaim the 20-day SMA, intensifying bearish momentum.
  • Indicators show deepening negative signals, reinforcing the bearish outlook.

The NZD/USD pair extended its losses on Wednesday, marking a three-day losing streak as it continued to drift lower, closing near 0.5850.

The inability to regain the 20-day Simple Moving Average (SMA) highlights the pair’s struggle to find sustained bullish momentum. Technical indicators point to mounting downside risks, with the Relative Strength Index (RSI) slipping further into negative territory, currently at 34, nearing oversold levels and signaling sustained selling pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram has deepened in the red, with a widening gap between the MACD line and the signal line, underscoring intensifying bearish momentum.

With the technical outlook firmly bearish, the pair faces immediate support at 0.5850, with further downside risks toward the 0.5820 level. On the upside, reclaiming the 20-day SMA remains critical for any bullish recovery, but current conditions suggest that such a move remains unlikely in the near term.

NZD/USD Daily Chart

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD clings to recovery gains near 0.6500 after China's inflation data

AUD/USD clings to recovery gains near 0.6500 after China's inflation data

AUD/USD holds the rebound near 0.6500 in Monday's Asian trading, unperturbed by the continued disinflation in China. The pair capitalizes on a subdued US Dollar but the further upside could be capped by China's economic worries and increased bets for an early RBA rate cut. 

 

AUD/USD News
USD/JPY trades modestly flat around 150.00 amid mixed sentiment

USD/JPY trades modestly flat around 150.00 amid mixed sentiment

USD/JPY is keeping its range at around 150.00 early Monday, holding the latest uptick from near 149.70. Mixed Japanese GDP revision, weak US Treasury  bond yields and a pause in the US Dollar recovery limit the pair's upswing as markets stay cautious at the start of the week. 

USD/JPY News
Gold price extends the range play; going nowhere in a hurry amid mixed cues

Gold price extends the range play; going nowhere in a hurry amid mixed cues

Gold price remains confined in a familiar range held over the past two weeks or so, awaiting a fresh catalyst before the next leg of a directional move amid mixed fundamental cues. Expectations that the Fed might signal a slowing in the pace of rate cuts later this month act as a tailwind for the USD and undermine the non-yielding commodity. 

Gold News
Ripple week in review: Can XRP resume rally to hit a new all-time high?

Ripple week in review: Can XRP resume rally to hit a new all-time high?

XRP investors realized over $5.86 billion in profits during the last week. XRP whales are slightly tilted toward accumulation despite holding an average profit of nearly 400%. XRP needs to overcome the $2.92 level to stage a rally to a new all-time high.

Read more
US Dollar flat ahead of weekend full of uncertainties over France's budget

US Dollar flat ahead of weekend full of uncertainties over France's budget

The US Dollar (USD) is recovering with the US trading session opening on Black Friday. The rally in the Euro which was weighing on the US Dollar and the US Dollar Index (DXY), is fading at the start of the US trading session.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures