NZD/USD Technical Analysis: Remains vulnerable to slide further below YTD lows, towards 0.6550 area

Haresh Menghani FXStreet

• The pair failed to capitalize on the post-NFP rebound and remained under some selling pressure for the second consecutive session on Monday, inching closer to YTD lows set last week.

• Oscillators on hourly/daily charts maintained their bearish bias and support prospects for an extension of the recent slide from 50% Fibonacci retracement level of the 0.6784-0.6580 downfall.

• A follow-through selling below the 0.6580 level will reaffirm the bearish bias and accelerate the slide further towards 61.8% Fibonacci expansion level support near the 0.6550 region.

• Alternatively, a sustained recovery beyond 23.6% Fibo. level might negate the bearish outlook and prompt some near-term short-covering move towards 0.6650-55 supply zone.

NZD/USD 4-hourly chart

NZD/USD

Overview
Today last price	0.6599
Today Daily Change	-0.0012
Today Daily Change %	-0.18
Today daily open	0.6611

Trends
Daily SMA20	0.6684
Daily SMA50	0.6766
Daily SMA100	0.6778
Daily SMA200	0.6724

Levels
Previous Daily High	0.663
Previous Daily Low	0.6601
Previous Weekly High	0.6686
Previous Weekly Low	0.6606
Previous Monthly High	0.6838
Previous Monthly Low	0.658
Daily Fibonacci 38.2%	0.6619
Daily Fibonacci 61.8%	0.6612
Daily Pivot Point S1	0.6598
Daily Pivot Point S2	0.6585
Daily Pivot Point S3	0.657
Daily Pivot Point R1	0.6627
Daily Pivot Point R2	0.6642
Daily Pivot Point R3	0.6655

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.