NZD/USD Price Analysis: Bulls gain traction ahead of key resistance zone

NZD/USD trades near the 0.5900 area, supported by bullish momentum into Monday’s Asian session
Short-term moving averages align to the upside, but MACD and 200-day SMA raise caution
Resistance eyed near 0.5890–0.5900, while support sits just above the 0.5700 handle

Patricio Martín FXStreet

The NZD/USD pair extended its upside during Monday’s session ahead of the Asian open, climbing near the 0.5900 zone and logging a daily gain of nearly 1%. The pair is advancing within the upper portion of its daily range, suggesting ongoing bullish traction despite lingering longer-term bearish risks.

Momentum remains mixed. The Relative Strength Index (RSI) stands neutral at 53.82, while the Stochastic RSI Fast and Awesome Oscillator are hovering in neutral territory.

On the supportive side, shorter-term moving averages offer a constructive backdrop. The 10-day EMA and SMA, at 0.56685 and 0.56688, respectively, point upward, alongside the 20-day SMA at 0.57156 and the 100-day SMA at 0.57072. These help validate the bullish narrative. However, the 200-day SMA at 0.58946 looms above as potential resistance and could cap further advances unless decisively breached.

Daily chart

Author

Patricio Martín

FXStreet

Patricio is an economist from Argentina passionate about global finance and understanding the daily movements of the markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.