The NZD/USD pair continued its downward drift on Thursday, edging lower to 0.5630 as selling pressure persisted. The pair has been consolidating after failing to maintain its previous upward momentum, and its approach toward the 20-day Simple Moving Average (SMA) could act as a pivotal point for traders. A break below this level may reinforce the bearish outlook, while a bounce could offer short-term support.
Technical indicators suggest growing downside risks. The Relative Strength Index (RSI) has dropped to 46, declining sharply and remaining in negative territory, indicating waning buying interest. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram prints decreasing green bars, suggesting a loss of bullish momentum and a shift in favor of sellers.
Looking ahead, the 20-day SMA near 0.5630 stands as immediate support. A decisive move below this level could open the door for a decline toward 0.5600, while on the upside, resistance is seen at 0.5685, followed by the psychological barrier at 0.5700. Until the pair clears key resistance levels, downside risks remain dominant.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.