- NZD/USD could target the two-month high at 0.5794.
- The 14-day RSI stays above the 50 level, reinforcing the bullish sentiment.
- The nine-day EMA at 0.5721 level appears as the immediate support.
The NZD/USD pair maintains its gains around 0.5750 during European trading hours on Monday. Technical analysis of the daily chart suggests a bullish market outlook, as the pair continues to trade within an ascending channel pattern.
The 14-day Relative Strength Index (RSI) remains above the 50 level, strengthening the bullish outlook. Moreover, the NZD/USD pair stays positioned above the nine- and 14-day Exponential Moving Averages (EMAs), indicating robust short-term momentum.
On the upside, the NZD/USD pair could target the two-month high at 0.5794, reached on January 24, followed by the upper boundary of the ascending channel at the 0.5810 level. A break above this critical resistance zone could reinforce the bullish bias and lead the pair to approach the three-month high at 0.5922, last seen on December 3.
The NZD/USD pair could find immediate support at the nine-day EMA at 0.5721, followed by a 14-day EMA at 0.5707 level. Further support region appears at the ascending channel’s lower boundary at 0.5700 level.
A break below the channel would weaken the bullish bias and put downward pressure on the NZD/USD pair to navigate the region around 0.5516, its lowest point since October 2022, recorded on February 3.
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 strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.17% | -0.16% | 0.19% | -0.15% | -0.22% | -0.16% | -0.03% | |
| EUR | 0.17% | -0.08% | 0.17% | -0.17% | -0.07% | -0.18% | -0.04% | |
| GBP | 0.16% | 0.08% | 0.32% | -0.09% | 0.01% | -0.10% | 0.05% | |
| JPY | -0.19% | -0.17% | -0.32% | -0.34% | -0.33% | -0.28% | -0.13% | |
| CAD | 0.15% | 0.17% | 0.09% | 0.34% | -0.12% | -0.01% | 0.14% | |
| AUD | 0.22% | 0.07% | -0.01% | 0.33% | 0.12% | -0.11% | 0.04% | |
| NZD | 0.16% | 0.18% | 0.10% | 0.28% | 0.01% | 0.11% | 0.15% | |
| CHF | 0.03% | 0.04% | -0.05% | 0.13% | -0.14% | -0.04% | -0.15% |
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. 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
Editors’ Picks
Gold moves to record highs past $3,340 Premium
Gold now gathers extra steam and advances beyond the $3,340 mark per troy ounce on Wednesday, hitting all-time highs amid ongoing worries over escalating US-China trade tensions, a weaker US Dollar and lack of news from Powell's speech.
Australian Dollar receives support from improved global risk mood, US Retail Sales eyed
The Australian Dollar extends its winning streak against the US Dollar for a sixth consecutive session on Wednesday, with the AUD/USD pair holding firm after the release of Australia’s Westpac Leading Index. The index’s six-month annualised growth rate eased to 0.6% in March from 0.9% in February.
EUR/USD remains in a consolidative range below 1.1400
EUR/USD navigates the latter part of Wednesday’s session with marked gains, although another test of the 1.1400 level remained elusive. The strong bounce in spot came on the back of a marked move lower in the US Dollar, which remained apathetic following the neutral stance from Chair Powell.
Bitcoin stabilizes around $83,000 as China opens trade talks with President Trump’s administration
Bitcoin price stabilizes around $83,500 on Wednesday after facing multiple rejections around the 200-day EMA. Bloomberg reports that China is open to trade talks with President Trump’s administration.
Future-proofing portfolios: A playbook for tariff and recession risks
It does seem like we will be talking tariffs for a while. And if tariffs stay — in some shape or form — even after negotiations, we’ll likely be talking about recession too. Higher input costs, persistent inflation, and tighter monetary policy are already weighing on global growth.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.