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U.S. Dollar / New Zealand Dollar

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NZD/USD Uptrend: Bullish Momentum Strengthens with Key Support LAs of January 29, 2025, the NZD/USD currency pair is exhibiting signs of an uptrend. The pair has been trading above the key 0.5700 level, indicating bullish momentum. Technical indicators, such as the Relative Strength Index (RSI), have climbed sharply to 63, firmly in positive territory, suggesting healthy upward momentum and room for further gains. Additionally, the Moving Average Convergence Divergence (MACD) histogram shows flat green bars, indicating sustained buying pressure.
Long
by sivasaravanand
NZDUSD Will Go Up From Support! Long! Take a look at our analysis for NZDUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.569. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.574 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead?Market Analysis: NZD/USD Bounces Back: Are Further Gains Ahead? NZD/USD is also rising and might aim for more gains above 0.5685. Important Takeaways for NZD USD Analysis Today - NZD/USD is consolidating gains from the 0.5650 zone. - There is a major bullish trend line forming with support at 0.5685 on the hourly chart of NZD/USD at FXOpen. NZD/USD Technical Analysis On the hourly chart of NZD/USD on FXOpen, the pair started a steady increase from the 0.5565 zone. The New Zealand Dollar broke the 0.5600 resistance to start the recent increase against the US Dollar. The pair settled above 0.5650 and the 50-hour simple moving average. It tested the 0.5720 zone and is currently correcting gains. The pair corrected lower below the 0.5700 level. The NZD/USD chart suggests that the RSI is now approaching 40. On the downside, immediate support is near the 23.6% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5685. There is also a major bullish trend line forming with support at 0.5685. The first key support is near the 50% Fib retracement level of the upward wave from the 0.5563 swing low to the 0.5723 high at 0.5645. The next major support is near the 0.5600 level. If there is a downside break below the 0.5600 support, the pair might slide toward the 0.5565 support. Any more losses could lead NZD/USD in a bearish zone to 0.5520. On the upside, the pair might struggle near 0.5720. The next major resistance is near the 0.5735 level. A clear move above the 0.5735 level might even push the pair toward the 0.5780 level. Any more gains might clear the path for a move toward the 0.5850 resistance zone in the coming days. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen