NZDUSD Technical Analysis: The NZD/USD pair has witnessed a sharp decline in recent days, affected by weak economic data from New Zealand, along with a strong US dollar supported by expectations that the US Federal Reserve will continue to tighten monetary policy during the second quarter of 2025.
Markets are currently awaiting the release of US inflation data, which is expected to strongly influence the movement of the US dollar, making the Kiwi/USD pair vulnerable to high volatility in the coming sessions.
NZDUSD Technical Analysis: Today’s Price Details
- Today’s High: 0.56185
- Today’s Low: 0.55837
- Current Price: 0.55863
Technical Analysis
Using Moving Averages and the MACD Indicator
General Trend:
- The general trend remains bearish, despite recent recovery attempts. • The price is trading below the EMA100 and EMA200, a negative medium-term signal.
Moving Averages:
- The shorter-term moving averages (EMA20 and EMA50) have begun to cross positively, but the price still faces resistance at 0.56196.
- The longer-term moving averages remain strong resistance barriers, meaning any temporary upside move could face selling pressure.
MACD and Stochastic Oscillator
- The MACD is showing a bullish crossover and a positive momentum shift, but without strong confirmation yet.
- The Stochastic Oscillator is moving in neutral zones around the 50 level, indicating the possibility of a continued recovery in the short term, provided it holds above 0.56196.
Future Outlook and Recommendations
- If the price manages to break the resistance at 0.56196 and hold above it, we may witness a rise towards 0.56393.
- If the breakout fails and the price remains below 0.55618, we expect a return to test the support levels at 0.55350 and possibly 0.55350.
- Likely scenario: Sideways trading with a bearish bias unless there is a clear break of the resistance level.
Trading strategies based on Buy/Sell levels
| NZDUSD | In case of buying | in case of selling |
| Entry point | 0.56196 | 0.55618 |
| Target Point 1 (TP1) | First resistance: 0.56393 | First support: 0.55350 |
| Target Point 2 (TP2) | Second resistance: 0.56472 | Second support: 0.55140 |
| Stop Loss (SL) | 0.55618 | 0.56196 |
The NZD/USD pair is trading within a corrective range after a strong downward trend. With markets still awaiting US economic data, the pair’s movements remain highly sensitive to news. Technically, indicators remain bearish, so caution is advised and focus on nearby support and resistance areas before making a trading decision.
