NZD/USD Price Analysis: Side-ways trade on set, bullish momentum flat

NZD/USD is consolidating around 0.6225 with bullish traction flat.
The RSI is rising at 60 while the MACD flat green bars paint a neutral to bullish outlook.

Patricio Martín FXStreet

The NZD/USD continues consolidating around 0.6225 with bulls taking a breather but seeming to be gathering strength before their next upwards leg. Bears made a stride at the beginning of the week pushing the pair down by nearly 1% but those movements seem to have been only corrective as the overall outlook is on the bull's side.

The Relative Strength Index (RSI) has risen to 60 while the Moving Average Convergence Divergence (MACD) is flat green bars suggesting that while momentum is positive, it seems to be flattening favoring the side-ways movements. The volume is also average, which suggests that the bullish momentum may be limited

NZD/USD daily chart

Looking at the support and resistance levels, the pair is facing resistance at the 0.6250 level. A break above this level could open the door for further gains. On the downside, the pair is facing support at the 0.6200-0.6180 level. A break below this level could shift the tide in favor of the bears.

Author

Patricio Martín

FXStreet

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

EUR/USD gathers traction, approaches 1.1800

EUR/USD manages to reverse Tuesday’s pullback, advancing to two-day highs near the 1.1800 hurdle in the latter part of Wednesday’s session. The pair’s decent uptick comes on the back of the modest retracement in the US Dollar, as investors continue to closely follow developments on the trade front and news from the White House in the wake of President Trump’s SOTU speech.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

Crypto Today: Bitcoin, Ethereum, XRP test rebound strength as ETF inflows return

Bitcoin, Ethereum and Ripple are gaining traction at the time of writing on Wednesday, amid persistent market doldrums. The Crypto King is up over 2% intraday, trading above $65,000 from the day’s opening of $64,058.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.