Market news
03.02.2025, 21:38

NZD/USD Price Analysis: Pair tumbles to fresh multi-month low before paring losses

  • NZD/USD drops 0.59% on Monday, hitting 0.5515, its lowest level since October 2022.
  • The pair staged a partial recovery to 0.5595 but remains under heavy bearish pressure.
  • RSI stays flat in negative territory, while MACD histogram shows decreasing green bars, signaling fading bullish attempts.

The NZD/USD pair extended its downward trajectory on Monday, falling sharply to 0.5515, its lowest point in over a year, before managing a slight rebound to settle at 0.5595. Despite the brief recovery, the pair remains trapped in a bearish structure, with sellers firmly in control amid persistent downside momentum.

Technical indicators confirm the lack of strong buying interest. The Relative Strength Index (RSI) points down at 41 in negative territory, suggesting that selling pressure has yet to ease. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram is printing decreasing green bars, pointing to waning bullish momentum and reinforcing the broader downtrend.

For now, support is seen at 0.5515, and a sustained break below this level could expose further downside toward 0.5480. On the other hand, if the pair attempts a rebound, initial resistance is found at 0.5620, followed by the 20-day Simple Moving Average (SMA) near 0.5630. As long as NZD/USD trades below this key threshold, the broader bearish outlook is expected to persist.

NZD/USD daily chart

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses