NZD/USD Price Analysis: Pair traded neutral, but remains well below 20-day SMA

NZD/USD declines on Monday, trades near 0.5960.
Pair moved sideways while remaining significantly beneath 20-day SMA.
The pair is exhibiting a mixed technical outlook, with the RSI indicating steady selling pressure and the MACD histogram showing declining buying pressure.

Patricio Martín FXStreet

The NZD/USD pair traded neutrally on Monday, around 0.5960, and remains well below the 20-day Simple Moving Average (SMA). The pair's technical outlook is mixed, as the Relative Strength Index (RSI) indicates rising selling pressure while the Moving Average Convergence Divergence (MACD) histogram shows declining buying pressure. The overall momentum appears to be neutral, and the pair is likely to remain range-bound in the near term.

The technical indicators provide a mixed outlook for the NZD/USD pair. The RSI, a measure of momentum, is in negative territory and continues to decline, indicating that selling pressure is gradually increasing. The MACD histogram, which measures trend strength and direction, is also decreasing and green, suggesting that buying pressure is declining.

However, the pair trades within a narrow range with no clear direction, keeping the overall outlook neutral in the near term. The multiple rejections last week of the 20-day SMA paints the outlook with red, but the indicators and candles suggests that the pair is set to move sideways in the near term.

NZD/USD daily chart

Author

Patricio Martín

FXStreet

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

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold puts its 200-day SMA to the test near $4,420

Gold keeps the bullish stance in place in the latter part of Thursday’s session, although a convincing break above the key $4,500 mark per troy ounce still remains elusive. The precious metal’s advance comes amid the resurgence of some selling interest around the Greenback, improving risk sentiment, and declining US Treasury yields across the board.

Bitcoin’s massive storm is back: Why the sell-off is far from over

Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.

Nonfarm payrolls: Testing the limits of Fed policy patience

The upcoming nonfarm payrolls report for May will provide the final update on the US labor market before Kevin Warsh attends his first policy meeting as the new Fed Chair later this month.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.