Key Moments
- NZD/USD traded around 0.5990 during European hours on Friday after modest losses in the prior session, consolidating within a horizontal channel.
- The pair is hovering near the nine-day EMA at 0.5989 and above the rising 50-day EMA, maintaining a mild bullish bias with fading upside momentum.
- A drop below the nine-day EMA would open the way toward the 0.5930 channel floor and the 50-day EMA at 0.5924, while a break above 0.6060 could refocus the 0.6121 high.
Technical Overview
NZD/USD was little changed around 0.5990 during the European session on Friday, stabilizing after posting modest declines in the previous trading day. Price action on the daily chart points to a neutral tone, with the pair confined to a horizontal trading band.
The 14-day Relative Strength Index is positioned near 53, just above the midpoint, signaling only limited upside pressure after retreating from earlier overbought territory. This easing in momentum, combined with the recent failure to push meaningfully toward the upper boundary of the range, indicates that buyers are still present but lack the strong conviction that characterized the prior impulsive advance.
Key Support and Resistance Levels
On the moving average front, NZD/USD is holding above a rising 50-day Exponential Moving Average while trading almost exactly at the flattened nine-day EMA, currently at 0.5989. This configuration keeps a modestly positive structure in place, although upward momentum is clearly moderating.
As long as spot prices remain above this support area and the 50-day EMA, dips are likely to be viewed as corrective within the broader constructive setup. The upper boundary of the horizontal channel is located around 0.6060, which remains the primary resistance level in the near term.
A sustained break above that 0.6060 ceiling would leave room for NZD/USD to retest the 16-month peak at 0.6121, which was reached in July 2025.
Downside Risks
If the pair were to close below the nine-day EMA on a daily basis, downside momentum would likely strengthen. That scenario would expose initial support around 0.5930, marking the lower edge of the current channel and aligning closely with the 50-day EMA at 0.5924.
A decisive move beneath this medium-term moving average would add pressure to the downside and could see the pair gravitating toward the area surrounding an almost three-month low at 0.5711.
Daily Chart Context
The prevailing configuration on the daily timeframe is characterized by a horizontal consolidation phase, with key reference points defined by the 0.6060 upper boundary and the 0.5930 lower boundary. The relative positioning of price to the nine-day and 50-day EMAs continues to shape the short-term directional bias.
NZD/USD: Daily Chart
(The technical analysis of this story was written with the help of an AI tool.)
New Zealand Dollar Performance Against Major Currencies
The following table shows the percentage change of the New Zealand Dollar (NZD) versus major currencies today. According to these figures, the New Zealand Dollar has been strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.14% | 0.01% | 0.00% | -0.06% | -0.19% | -0.07% | -0.13% | |
| EUR | 0.14% | 0.15% | 0.11% | 0.07% | -0.06% | 0.07% | 0.00% | |
| GBP | -0.01% | -0.15% | -0.04% | -0.08% | -0.21% | -0.08% | -0.14% | |
| JPY | 0.00% | -0.11% | 0.04% | -0.02% | -0.15% | -0.03% | -0.09% | |
| CAD | 0.06% | -0.07% | 0.08% | 0.02% | -0.13% | -0.01% | -0.06% | |
| AUD | 0.19% | 0.06% | 0.21% | 0.15% | 0.13% | 0.12% | 0.06% | |
| NZD | 0.07% | -0.07% | 0.08% | 0.03% | 0.01% | -0.12% | -0.06% | |
| CHF | 0.13% | -0.01% | 0.14% | 0.09% | 0.06% | -0.06% | 0.06% |
The heat map represents percentage changes between the major currencies. The base currency is taken from the left-hand column, and the quote currency from the top row. For instance, selecting the New Zealand Dollar on the left and moving horizontally to the US Dollar cell provides the percentage change for NZD (base)/USD (quote).
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