NZD/USD Price Analysis: Bulls maintain momentum, eyes on bullish crossover

The daily indicators remain in positive territory but somewhat flattened .
The hourly charts reveal a temporary dip in the RSI and a MACD flattening, signaling a possible short-term consolidation.
Pending bullish crossover between the 200 and 100-day SMA at 0.6040 could bolster the bullish momentum in future sessions.

Patricio Martín FXStreet

During Friday's session, NZD/USD rose towards the 0.6125 level. The positive trajectory of the pair continues to convey a strong buyer influence in the market. However, echoes of consolidation may suggest a breather following the recent surge which pushed the pair above the 100 and 200-day Simple Moving Averages (SMA).

Examining the daily chart of the NZD/ pair, it is apparent that the Relative Strength Index (RSI) reveals a robust positive trend. After a close approach to overbought conditions at 69, the RSI receded to a still positive level of 63. In line with that, the Moving Average Convergence Divergence (MACD) prints flat green bars which may suggest a flattening momentum.

NZD/USD daily chart

Transitioning to the hourly chart, there is a discernible decreasing trend in the RSI readings, with figures retreating from 64 to 57 throughout Friday’s session. The MACD histogram aligns with this pattern, with flat green bars that signal reduced upward momentum.

NZD/USD hourly chart

From a broader perspective, the position of NZD/USD suggests a strong bullish trend. Trading above the Simple Moving Averages (SMA) of 20, 100, and 200-day, the pair displays upward momentum both on short-term and long-term scales.

Incorporating both the daily and hourly RSI trends, along with MACD and SMA positioning, the conclusion is drawn that the NZD/USD may need some respite after its recent surge. Despite this, the market structure maintains its bullish tone.

NZD/USD

Overview
Today last price	0.6118
Today Daily Change	0.0019
Today Daily Change %	0.31
Today daily open	0.6099

Trends
Daily SMA20	0.603
Daily SMA50	0.6003
Daily SMA100	0.6071
Daily SMA200	0.6042

Levels
Previous Daily High	0.6138
Previous Daily Low	0.6091
Previous Weekly High	0.6146
Previous Weekly Low	0.5995
Previous Monthly High	0.6079
Previous Monthly Low	0.5851
Daily Fibonacci 38.2%	0.612
Daily Fibonacci 61.8%	0.6109
Daily Pivot Point S1	0.6081
Daily Pivot Point S2	0.6062
Daily Pivot Point S3	0.6033
Daily Pivot Point R1	0.6128
Daily Pivot Point R2	0.6157
Daily Pivot Point R3	0.6175

Author

Patricio Martín

FXStreet

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

AUD/USD holds rebound near 0.6900 on US-China trade optimism

AUD/USD holds the rebound near 0.6900 in the Asian session on Monday. Mixed China's inflation data for October fails to provide any inspiration to the Chinese proxy, the Australian Dollar, but China's extension of the suspension of 24% tariffs on US goods and reduced US-Iran tensions help the Aussie pair cling to recovery gains.

USD/JPY retreat in sync with USD, appraches 158.00

USD/JPY is back in the red at the start of the week on Monday, eyeing the broad US Dollar retreat amid easing US-Iran tensions. Traders also resorting to profit-taking following the blockbuster US Nonfarm Payrolls data-led rally. US CPI report is next in focus.

Gold climbs to two-day highs past $4,100

Gold resumes its recovery and surpasses the $4,100 mark per troy ounce at the beginning of the week. The yellow metal’s solid performance comes amid fresh downside pressure on the US Dollar, shrinking US Treasury yields and a marked retracement in crude oil prices.

Crypto Today: Bitcoin, Ethereum, and Ripple extend downtrend as selling pressure mounts

Major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, maintain a broadly corrective tone, extending losses from the previous week. Risk-off sentiment builds in the crypto market following last week’s correction linked to Democrats sweeping the US midterms.

Two Huangs don’t make a right: Nvidia CEO caught in scandal – NVDA slides

Nvidia CEO Jensen Huang sent employees an apology for being unfaithful to his wife, following reports that he may have been targeted in a foreign intelligence operation. Why is Nvidia trading roughly 5–6% below Friday’s close in the overnight market? And – more importantly – does this actually matter to the AI trade?

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.