NZD/USD Price Analysis: Fades upside momentum below 0.7300

  • NZD/USD steps back from early-January tops, eases in a range between 0.7255-85.
  • Strong RSI, repeated bounces off 50-day SMA and 10-week-old support line favor bulls.

NZD/USD drops to 0.7260, with an immediate trading range, during Tuesday’s Asian session. In doing so, the kiwi pair trims the previous day’s gains while easing from January high.

Although the quote’s latest weakness drags NZD/USD towards a 50-day SMA level of 0.7209, its further downside will be tamed by the 0.7200 threshold and an upward sloping trend line from late-2020, around 0.7190.

In a case where the NZD/USD bears dominate past-0.7190, 0.7130 and the 0.7100 round-figure, also comprising multiple lows marked during January, could become their favorites.

On the flip side, a successful break above 0.7315 horizontal line including January high and February 24 low guards the pair’s immediate upside.

Should the NZD/USD buyers manage to conquer the 0.7315 hurdle, the 0.0.7370 holds the key to further run-up towards a multi-month-old peak surrounding 0.7465.

NZD/USD daily chart

Trend: Further weakness expected

Additional important levels

Today last price 0.7265
Today Daily Change -2 pips
Today Daily Change % -0.03%
Today daily open 0.7267
Daily SMA20 0.7249
Daily SMA50 0.7195
Daily SMA100 0.7032
Daily SMA200 0.6798
Previous Daily High 0.7294
Previous Daily Low 0.7225
Previous Weekly High 0.7466
Previous Weekly Low 0.7223
Previous Monthly High 0.7466
Previous Monthly Low 0.7135
Daily Fibonacci 38.2% 0.7267
Daily Fibonacci 61.8% 0.7251
Daily Pivot Point S1 0.723
Daily Pivot Point S2 0.7193
Daily Pivot Point S3 0.7162
Daily Pivot Point R1 0.7299
Daily Pivot Point R2 0.733
Daily Pivot Point R3 0.7367



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Get Weekly Crypto trade ideas!  
Empower yourself with the best market insights

Join FXStreet Premium!    

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD retreats from 1.20 amid mixed US data

EUR/USD has retreated from its move toward 1.20 as US data is mixed. Building Permits and Housing Starts beat expectations but Consumer Sentiment missed with 86.5 points. Vaccine news is eyed.


GBP/USD battles 1.38 as US yields halt their falls

GBP/USD is trading around  1.38, off the highs as US Treasury yields are stabilizing after falling beforehand. US data is mixed. Sterling continues benefiting from Britain's vaccination campaign.


Stellar bulls on wrong side of uphill battle

XLM price has erected an ascending parallel channel on the 4-hour chart. A bounce from the setup’s lower trend line, although logical, seems unlikely. Stellar’s bear flag pattern on the 1-hour chart adds weight to the bearish outlook.

Read more

XAU/USD climbs to the highest level since Feb. 25, beyond $1,780

Gold gained strong follow-through traction for the second consecutive session on Friday. The USD struggled to capitalize on its attempted recovery and benefitted the commodity. Rebounding US bond yields, the risk-on mood did little to hinder the positive momentum.

Gold News

Gamestop waits for breakout signal, technical levels to watch

GameStop is struggling for relevance as COIN takes over! GME shares under pressure, down 6% on Thursday. GME is looking for a new CEO according to Reuters.

Read more