NZD/USD Price Forecast: Slumps further below 200-day SMA, eyes on 0.57
The New Zealand Dollar dives for the third consecutive day, down in the week by over 1.48%, after hitting two-month lows of 0.5722 against the Greenback. The NZD/USD trades at 0.5738, down 0.25% on the day.
  • NZD/USD breaks 200-day SMA, confirming bearish technical shift lower.
  • Three-day slide exposes January low and 0.5700 support zone.
  • Reclaiming 0.5800 needed to challenge 200-day SMA resistance.

The New Zealand Dollar dives for the third consecutive day, down in the week by over 1.48%, after hitting two-month lows of 0.5722 against the Greenback. The NZD/USD trades at 0.5738, down 0.25% on the day.

NZD/USD Price Forecast: Technical outlook

After the Reserve Bank of New Zealand's hawkish tilt, the NZD/USD rose from around 0.5800ish to near 0.6000 before recoiling beneath the 0.5750 figure. Broad US Dollar strength due to the US-Iran conflict, along with the pair diving below the 200-day Simple Moving Average (SMA) at 0.5833, a technical level that suggests an asset is bullish or bearish, depending on whether it's above or below.

Therefore, the NZD/USD path of least resistance is downwards. The next support is the January 9 low of 0.5711, ahead of 0.5700. On further weakness, the next area of interest would be the April 3 swing low of 0.5679, before testing the psychological 0.5650 mark.

For a bullish reversal, buyers must challenge the 0.5800 level to push NZD/USD towards the 200-day SMA. A breach of the latter will expose the 50-day SMA at 0.5875.

NZD/USD Price Chart – Daily

NZD/USD daily chart

New Zealand Dollar Price This week

The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies this week. New Zealand Dollar was the strongest against the Swiss Franc.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.90% 1.32% 0.73% 1.29% 0.47% 1.55% 1.35%
EUR -0.90% 0.40% -0.17% 0.39% -0.42% 0.64% 0.44%
GBP -1.32% -0.40% -0.73% -0.01% -0.82% 0.27% 0.05%
JPY -0.73% 0.17% 0.73% 0.55% -0.26% 0.86% 0.62%
CAD -1.29% -0.39% 0.00% -0.55% -0.85% 0.30% 0.07%
AUD -0.47% 0.42% 0.82% 0.26% 0.85% 1.10% 0.87%
NZD -1.55% -0.64% -0.27% -0.86% -0.30% -1.10% -0.19%
CHF -1.35% -0.44% -0.05% -0.62% -0.07% -0.87% 0.19%

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).

Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa

LIVE QUOTES

Pangalan / Simbolo
Tsart
% Pagbabago / Presyo
GBPUSD
1 araw na pagbabago
+0%
0
EURUSD
1 araw na pagbabago
+0%
0
USDJPY
1 araw na pagbabago
+0%
0

LAHAT TUNGKOL SA FOREX

Galugarin ang Higit pang mga Tool
Trading Academy
Mag-browse ng malawakang hanay ng mga educational na artikulo na sumasaklaw sa mga trading strategy, market insights, at financial fundamentals, lahat sa isang lugar.
Matuto pa
Mga Kurso
Galugarin ang mga structured na trading course na idinisenyo upang suportahan ang inyong paglago sa bawat yugto ng inyong trading journey.
Matuto pa
Webinar
Sumali sa mga live at on-demand na webinar upang makakuha ng real-time na market insights at trading strategies mula sa mga eksperto sa industriya.
Matuto pa