NZD/USD Price Analysis: Pair tumbles to fresh multi-month low before paring losses

NZD/USD drops 0.59% on Monday, hitting 0.5515, its lowest level since October 2022.
The pair staged a partial recovery to 0.5595 but remains under heavy bearish pressure.
RSI stays flat in negative territory, while MACD histogram shows decreasing green bars, signaling fading bullish attempts.

Patricio Martín FXStreet

The NZD/USD pair extended its downward trajectory on Monday, falling sharply to 0.5515, its lowest point in over a year, before managing a slight rebound to settle at 0.5595. Despite the brief recovery, the pair remains trapped in a bearish structure, with sellers firmly in control amid persistent downside momentum.

Technical indicators confirm the lack of strong buying interest. The Relative Strength Index (RSI) points down at 41 in negative territory, suggesting that selling pressure has yet to ease. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is printing decreasing green bars, pointing to waning bullish momentum and reinforcing the broader downtrend.

For now, support is seen at 0.5515, and a sustained break below this level could expose further downside toward 0.5480. On the other hand, if the pair attempts a rebound, initial resistance is found at 0.5620, followed by the 20-day Simple Moving Average (SMA) near 0.5630. As long as NZD/USD trades below this key threshold, the broader bearish outlook is expected to persist.

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.

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold bounces back above $5,150 ahead Trump's State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders await Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.