NZD/USD Price Analysis: Jumps 0.4%, golden cross on the daily chart

NZD/USD's daily chart shows a golden cross of 50- and 200-day SMAs.
Crossovers are lagging indicators and move above 0.66 is needed to revive a bullish trend.

Omkar Godbole FXStreet Contributor

NZD/USD is trading at 0.6558 at press time, representing a 0.43% gain on the day.

The pair has charted a golden crossover on the daily chart. The golden cross refers to the bullish cross of the 50- and 200-day simple moving averages (SMAs) is an indicator of a long-term bull market.

However, SMA studies are based on past data. As such, crossovers are not reliable indicators.

Besides, a close above 0.66, the high of the Doji candle created on July 9, is needed to revive the uptrend from the low of 0.55 observed in March. That would open the doors for 0.6756 (Dec. 31 high).

Meanwhile, on the lower side, 0.6503 (Tuesday's low) is key support, which if breached, could cause more sellers to join the market, leading to a deeper drop to 0.64.

Daily chart

Trend: Neutral

Technical levels

NZD/USD

Overview
Today last price	0.6562
Today Daily Change	0.0031
Today Daily Change %	0.47
Today daily open	0.6531

Trends
Daily SMA20	0.649
Daily SMA50	0.6339
Daily SMA100	0.6193
Daily SMA200	0.6339

Levels
Previous Daily High	0.6545
Previous Daily Low	0.6502
Previous Weekly High	0.6601
Previous Weekly Low	0.6519
Previous Monthly High	0.6585
Previous Monthly Low	0.6186
Daily Fibonacci 38.2%	0.6518
Daily Fibonacci 61.8%	0.6529
Daily Pivot Point S1	0.6507
Daily Pivot Point S2	0.6483
Daily Pivot Point S3	0.6464
Daily Pivot Point R1	0.655
Daily Pivot Point R2	0.6569
Daily Pivot Point R3	0.6593

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

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.