The NZD/USD pair is currently trading around 0.6180, with potential to test the lower boundary of the ascending channel at 0.6160. The short-term upward momentum is supported by the nine-day EMA being above the 50-day EMA.
The 14-day RSI remains above 50, affirming the bullish trend, though a break below this level could indicate a shift towards a bearish trend. The pair may face resistance at the nine-day EMA at 0.6201, followed by a seven-month high at 0.6247.
On the downside, breaking below 0.6160 could weaken the bullish bias and lead towards the 50-day EMA at 0.6099. Overall, the NZD/USD pair is poised to continue rising, potentially testing the upper boundary of the ascending channel at 0.6320.
NZD/USD: Daily Chart
New Zealand Dollar PRICE Today
The table below displays the percentage change of the New Zealand Dollar against major currencies today, with the NZD being weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.09% | -0.07% | -0.19% | 0.07% | 0.11% | 0.10% | -0.19% |
The heat map illustrates the percentage changes of major currencies against each other. Understanding these fluctuations can provide insights into potential trading strategies and currency movements.
Overall, the NZD/USD pair’s bullish momentum is poised to continue, with key levels to watch for potential breakouts and reversals. Traders and investors should monitor these levels closely to make informed decisions about their positions and strategies.