NZD/USD Price Forecast: Struggles above YTD low, around 0.5700 amid geopolitical risks
- NZD/USD edges lower as persistent geopolitical uncertainties revive the USD demand.
- Traders now seem reluctant ahead of Trump’s deadline to reopen the Strait of Hormuz.
- The bearish technical setup backs the case for a further near-term depreciating move.
The NZD/USD pair struggles to capitalize on the previous day's modest gains and trades with a negative bias around the 0.5700 mark during the early European session on Tuesday. Spot prices remain close to the lowest level since November 2025, touched last Friday, amid nervousness ahead of US President Donald Trump's deadline for Iran to reopen the Strait of Hormuz.
In the meantime, fading hopes for a last-minute agreement between the US and Iran, along with the risk of a further escalation of tensions, weigh on investors' sentiment. Furthermore, expectations that the war-driven surge in energy prices will boost inflation and force the US Federal Reserve (Fed) to adopt a hawkish stance revive the US Dollar (USD) demand, which, in turn, is seen weighing on the NZD/USD pair.
From a technical perspective, the recent failure near the very important 200-day Simple Moving Average (SMA) and acceptance below the 0.5730 horizontal support breakpoint favors the NZD/USD bears. Furthermore, the Moving Average Convergence Divergence (MACD) indicator remains below the zero line with the MACD line under its signal line and a negative histogram, which reinforces persistent selling pressure rather than a clean momentum reversal.
Adding to this, the Relative Strength Index (RSI) hovers around 36, avoiding oversold territory but still pointing to dominant downside momentum. Meanwhile, initial support aligns with the late sequence lows around 0.5690, followed by the 0.5650 region, where a break would open the way toward the 0.5600 area. As long as price trades below 0.5800 and the 200-day SMA, rallies are exposed to renewed selling into these resistance layers.
On the upside, immediate resistance emerges at the recent congestion area around 0.5750, with the 0.5800 handle capping the upside ahead of the 200-day SMA near 0.5850, a zone that would need to give way to ease the bearish tone.
(The technical analysis of this story was written with the help of an AI tool.)
NZD/USD daily chart
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.01% | -0.01% | 0.13% | 0.10% | 0.06% | 0.19% | 0.13% | |
| EUR | -0.01% | -0.03% | 0.07% | 0.06% | 0.03% | 0.18% | 0.12% | |
| GBP | 0.01% | 0.03% | 0.11% | 0.11% | 0.09% | 0.21% | 0.17% | |
| JPY | -0.13% | -0.07% | -0.11% | -0.01% | -0.04% | 0.08% | 0.03% | |
| CAD | -0.10% | -0.06% | -0.11% | 0.01% | -0.03% | 0.08% | 0.05% | |
| AUD | -0.06% | -0.03% | -0.09% | 0.04% | 0.03% | 0.13% | 0.09% | |
| NZD | -0.19% | -0.18% | -0.21% | -0.08% | -0.08% | -0.13% | -0.02% | |
| CHF | -0.13% | -0.12% | -0.17% | -0.03% | -0.05% | -0.09% | 0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Haresh Menghani
FXStreet
Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.
