NZD/USD technical analysis: Buyers will look for entry beyond 0.6445

  • NZD/USD registers another bounce off 21-day EMA while staying below four-day-old horizontal resistance.
  • Bullish MACD favors pair’s upside to 38.2% Fibonacci retracement, 50-day EMA.

With the majority of Antipodeans on their run-up, NZD/USD isn’t bucking the trend as it takes another U-turn from 21-day exponential moving average (EMA) while taking the bids to 0.6430 on early Thursday.

Even so, the pair is left to cross immediate horizontal resistance around 0.6445 in order to justify its strength to challenge 38.2% Fibonacci retracement of July-September south-run near 0.6470. Although, 50-day EMA level close to 0.6480 could question buyers then after.

Supporting the upside momentum is a bullish signal from 12-day moving average convergence and divergence (MACD) indicator. As a result, pair’s rise past-0.6480 could cross 0.6500 round-figure to aim for 50% Fibonacci retracement level of 0.6532.

Meanwhile, pair’s declines below 21-day EMA level of 0.6410 could quickly fetch the quote to 23.6% Fibonacci retracement level of 0.6395 and then towards month-start high surrounding 0.6320.

NZD/USD daily chart

Trend: bullish

additional important levels

Today last price 0.6428
Today Daily Change 16 pips
Today Daily Change % 0.25%
Today daily open 0.6412
Daily SMA20 0.6382
Daily SMA50 0.6521
Daily SMA100 0.6556
Daily SMA200 0.6676
Previous Daily High 0.644
Previous Daily Low 0.6407
Previous Weekly High 0.6444
Previous Weekly Low 0.6269
Previous Monthly High 0.659
Previous Monthly Low 0.6283
Daily Fibonacci 38.2% 0.6419
Daily Fibonacci 61.8% 0.6427
Daily Pivot Point S1 0.6399
Daily Pivot Point S2 0.6387
Daily Pivot Point S3 0.6367
Daily Pivot Point R1 0.6432
Daily Pivot Point R2 0.6452
Daily Pivot Point R3 0.6465



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD tension remains elevated ahead of the Fed

EUR/USD is trading above 1.1050, in a narrow range ahead of the all-important Fed decision. Chair Powell is set to cut rates but signal no further stimulus is on the cards.


GBP/USD extends its falls to 1.2450 amid weak UK inflation, Brexit impasse

GBP/USD has dropped to around 1.2450 as UK headline CPI missed with 1.7% in August. Brexit negotiations remain stuck according to Chief EU negotiator Barnier. The Fed decision is eyed.


USD/JPY holds on to recovery gains above 108.00 ahead of Fed

Not only upbeat trade numbers from Japan but upbeat trade/political headlines also help the USD/JPY pair to remain firm around 108.20 prior to Wednesday’s European session. Focus on FOMC decision.


Gold seesaws around $1,500 with all eyes on FOMC

With the global traders on a wait and see approach ahead of the key event, Gold offers fewer moves while taking rounds to $1,500 during Wednesday’s Asian session. Also supporting the bulls were positive statistics from the US and the Eurozone.

Gold News

Forex Today: Fed set to trigger high volatility, oil falls, altcoins advance

Tension is mounting ahead of the Federal Reserve decision later today. Economists expect a 25 basis point rate cut amid slowing global growth and investment. 

Read more