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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Editors’ Picks

AUD/USD: Buyers and sellers jostle around 0.6600 as coronavirus keeps the driver’s seat

AUD/USD carries the New York session’s downbeat sentiment forward while taking rounds to 0.6600 at the start of the Asian session on Wednesday. While the coronavirus-led risk-off keeps the risk barometer under pressure, weakness in the US dollar restricted the pair’s losses.


USD/JPY consolidates losses but bears keep the baton amid coronavirus fears

USD/JPY consolidates losses to 110.20 amid the initial Asian session on Wednesday. That said, the pair portrayed the broad risk-off, led-by coronavirus fears, while declining for the third day in a row during the previous day.


Dollar domination set to continue, with or without coronavirus fears

The coronavirus-related fall in US bond yields has been weighing on the US dollar. Nevertheless – and despite worries coming from Markit's PMIs – the greenback is set to gain more ground.

Read more

Gold: Pares early losses, still in the red below $1650 level

Gold extended previous day's intraday retracement slide from multi-year tops and witnessed some follow-through long-unwinding trade on Tuesday.

Gold News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

More info