NZD/USD Price Analysis: Bulls take charge, outlook bullish

NZD/USD rose by 1.55% to close at 0.6235.
The RSI has risen above 70, while the MACD is showing rising green bars, indicating strong bullish momentum.
A break above 0.6250 could lead to a further rally towards 0.6300.

Patricio Martín FXStreet

In Friday's session, the NZD/USD rose by 1.55% to 0.6235, ending the week on a strong bullish note. The pair has broken out of a short-term consolidation range and is now facing a key resistance level at 0.6250. A break above this level could lead to a further rally towards 0.6300.

On the daily chart, the RSI has risen near 70, indicating strong bullish momentum but with the potential of a downward consolidation. The MACD is also showing rising green bars, supporting the positive outlook. The volume has been increasing over the past few sessions, suggesting that the current bullish momentum is likely to continue.

NZD/USD daily chart

The NZD/USD pair is facing immediate resistance at 0.6255. A consolidation above this level could open the door for a further rally to retest the 0.6300 zone. On the downside, immediate support lies in the range of 0.6200 and 0.6150. A break below 0.6150 could lead to a further decline towards 0.6100.

Author

Patricio Martín

FXStreet

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

GBP/USD resumes downside below 1.3200

GBP/USD resumes its downside below 1.3200 in European trading on Wednesday. The pair remains vulnerable amid a broadly firmer US Dollar and chaotic UK political environment. The focus is now on BoE-speak for further trading impetus.

EUR/USD sits at yearly low near 1.1350 on USD strength

EUR/USD sits at yearly lows near 1.1350 in the European morning on Wednesday. The pair remains vulnerable to further declines amid a bullish US Dollar. The Greenback continues to draw support from hawkish Fed bets and US-Iran peace deal uncertainty.

Gold: Bears retain control as Fed rate hike bets continue to boost USD

Gold recovers slightly from a nearly two-week low, around the $4,050 region, touched earlier this Wednesday. The commodity, however, sticks to its bearish bias for the second straight day, and seems vulnerable to weaken further amid sustained US Dollar buying.

Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin trades below $0.08000 maintaining a steady decline for the seventh straight week. The meme coin is losing its retail strength as DOGE futures Open Interest drops 10% in 24 hours, while institutional demand remains muted with zero inflows so far this week.

Tech rout weighs on US stocks as the USD clocks a fresh 2026 high

Major US equity benchmarks ended Tuesday’s session considerably in the red, with the Nasdaq 100 down 3.3%, the S&P 500 off by 1.4%, and the Dow Jones down 0.1%. Stocks were largely weighed down by tech amid doubts over the AI-driven rally; the Philadelphia Semiconductor Index slid nearly 8%.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.