- NZD/USD continues to trade within a coming down channel pattern, showing a continuous bearish predisposition.
- An upward correction is suggested as the 14-day RSI is placed listed below the 30 mark.
- The set might check the coming down channel’s lower border at 0.5630 level.
The NZD/USD set edges lower to near 0.5650 throughout the European hours on Monday. The technical analysis of the everyday chart recommends a continuous bearish predisposition as the set is restricted within a coming down channel pattern.
In addition, the NZD/USD set stays listed below the 9- and 14-day Exponential Moving Averages (EMAs), signaling weak short-term rate momentum, which might suggest that the cost is most likely to continue experiencing down pressure.
The 14-day Relative Strength Index (RSI) stays listed below the 30 level, showing an oversold condition, possibly activating an upward correction.
Concerning its assistance, the NZD/USD might evaluate the lower limit of the coming down channel at 0.5630 level, followed by the 26-month low of 0.5607 level, which was tape-recorded on December 19.
On the benefit, NZD/USD might discover preliminary resistance at the nine-day EMA at 0.5708 level, followed by the 14-day EMA at 0.5743 level. A break above this level might enhance the short-term rate momentum and support the set to check the coming down channel’s upper border at the 0.5800 level.
NZD/USD: Daily Chart
New Zealand Dollar PRICE Today
The table listed below programs the portion modification of New Zealand Dollar (NZD) versus noted significant currencies today. New Zealand Dollar was the weakest versus the United States Dollar.
USD EUR GBP JPY CAD AUD NZD CHF USD 0.17% 0.05% 0.20% 0.12% -0.08% 0.02% 0.22% EUR -0.17% -0.15% -0.03% -0.08% -0.18% -0.17% 0.04% GBP -0.05% 0.15% 0.08% 0.07% -0.03% -0.01% 0.19% JPY -0.20% 0.03% -0.08% -0.03% -0.19% -0.13% 0.02% CAD -0.12% 0.08% -0.07% 0.03% -0.14% -0.09% 0.11% AUD 0.08% 0.18% 0.03% 0.19% 0.14% 0.00% 0.22% NZD -0.02% 0.17% 0.01% 0.13% 0.09% -0.01% 0.16% CHF -0.22% -0.04% -0.19% -0.02% -0.11% -0.22% -0.16%
The heat map reveals portion modifications of significant currencies versus each other. The base currency is chosen from the left column, while the quote currency is chosen from the leading row. If you choose the New Zealand Dollar from the left column and move along the horizontal line to the United States Dollar, the portion modification showed in the box will represent NZD (base)/ USD (quote).
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