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.

Anil Panchal FXStreet

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

Overview
Today last price	0.6428
Today Daily Change	16 pips
Today Daily Change %	0.25%
Today daily open	0.6412

Trends
Daily SMA20	0.6382
Daily SMA50	0.6521
Daily SMA100	0.6556
Daily SMA200	0.6676

Levels
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

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD struggles near 1.1850, with all eyes on US CPI data

EUR/USD holds losses while keeping its range near 1.1850 in European trading on Friday. A broadly cautious market environment paired with a steady US Dollar undermines the pair ahead of the critical US CPI data. Meanwhile, the Eurozone Q4 GDP second estimate has little to no impact on the Euro.

GBP/USD recovers above 1.3600, awaits US CPI for fresh impetus

GBP/USD recovers some ground above 1.3600 in the European session on Friday, though it lacks bullish conviction. The US Dollar remains supported amid a softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold remains below $5,000 as US inflation report looms

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains in the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

The weekender: When software turns the blade on itself

Autonomous AI does not just threaten trucking companies and call centers. It challenges the cognitive toll booths that legacy software has charged for decades. This is not a forecast. No one truly knows the end state of AI.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.