This NZDUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
NZDUSD Analysis & Live Chart
NZDUSD Fundamental Analysis
Bloomberg—The New Zealand dollar climbed past $0.60 on Tuesday, hitting a peak not seen since November, as growing uncertainty around the US economy pushed investors away from American assets.
Adding to market jitters, President Trump renewed his attacks on Fed Chair Powell, even hinting at a possible dismissal—sparking fears over the Federal Reserve’s independence. Meanwhile, investors continue to anticipate a 25 basis point rate cut by the Reserve Bank of New Zealand in May, with expectations for the cash rate to drop to 2.75% by the end of the year.
On the trade front, New Zealand’s exports jumped 19% in March compared to the previous year, while imports rose 12%, leading to a $970 million surplus—its largest since 2020.
NZDUSD Technical Analysis
FenzoFx—The NZD/USD currency pair rose as high as $0.6035, a robust resistance level backed by the November 7, 2024 high. As of this writing, NZD/USD trades at approximately $0.6045, slightly below the resistance level.
The primary trend is bullish, but the pair is encountering a strong resistance zone. Furthermore, the Stochastic and RSI-14 indicators signal overbought conditions, indicating that the New Zealand Dollar is overpriced relative to the U.S. dollar.
From a technical standpoint, a consolidation phase could emerge, targeting lower support levels if NZD/USD remains below the $0.6035 resistance. In this scenario, the currency pair has the potential to dip toward 0.5944, followed by 0.5855.
NZDUSD Support and Resistance Levels
| Support | 0.5944 | 0.5855 | 0.5632 |
| Resistance | 0.6035 | 0.6109 |
Market Trends Through Technical Indicators
The widget below calculates NZD/USD trends using multiple indicators, such as moving averages and oscillators. It allows you to easily review market trends across various timeframes.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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