Rises to near 0.5950 after breaking above nine-day EMA

By: bitcoin ethereum news|2025/05/14 16:30:07
0
Share
copy
NZD/USD could target the rectangle’s upper boundary around 0.6020, followed by the six-month high of 0.6038. The 14-day RSI has climbed above the 50 level, hinting at a developing bullish bias. A break below the nine-day EMA of 0.5929 would weaken the short-term price momentum. The NZD/USD pair holds gains after registering approximately 1.50% gains in the previous session, trading around 0.5940 during the European hours on Wednesday. The technical analysis of the daily chart indicates a neutral stance, as the pair continues to consolidate within a rectangular range. However, the 14-day Relative Strength Index (RSI) has climbed above the 50 level, hinting at a developing bullish bias. Moreover, the NZD/USD pair remains above the nine-day Exponential Moving Average (EMA), pointing to strengthening short-term upward momentum. The NZD/USD pair could target the rectangle’s upper boundary around 0.6020, followed by the six-month high of 0.6038, last seen in November 2024. A break above this crucial resistance zone could open the doors for the pair to explore the region around the seven-month high near 0.6350, recorded in October 2024. On the downside, the NZD/USD pair may test its initial support at the nine-day EMA of 0.5929. A break below this level would weaken the short-term price momentum and put downward pressure on the pair to retest the initial support at the lower boundary of the rectangle around 0.5850, aligned with the 50-day EMA at 0.5843. A sustained move below this key support zone could further deteriorate medium-term momentum, potentially exposing the pair to a deeper decline toward 0.5485 — a level last seen in March 2020. NZD/USD: Daily Chart New Zealand Dollar PRICE Today The table below shows the percentage change of New Zealand Dollar (NZD) against listed major currencies today. New Zealand Dollar was the strongest against the US Dollar. The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the New Zealand Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent NZD (base)/USD (quote). Source: https://www.fxstreet.com/news/nzd-usd-price-forecast-rises-to-near-05950-after-breaking-above-nine-day-ema-202505140807

You may also like

The flow of stablecoins and the spillover effects in the foreign exchange market

Research has found that an exogenous increase in net inflows of stablecoins significantly widens the price deviation between stablecoins and traditional foreign exchange, leads to depreciation of the local currency, and worsens the financing conditions for synthetic dollars (i.e., increases the doll...

After two years, Hong Kong's first batch of stablecoin licenses finally issued: HSBC, Standard Chartered make the cut

The regulated entity is set to launch a stablecoin in the first half of this year.

The person who helped TAO rise by 90% has now single-handedly crashed the price again today

As long as people are around, the story continues. But once they're gone, you may not even find a worthy opponent to play against.

3-Minute Guide to Participating in the SpaceX IPO on Bitget

Bitget IPO Prime brings a rare opportunity for global users to participate in world-class unicorn IPOs, allowing ordinary users to equally access the potential economic benefits of top-tier IPOs.

Top 5 Cryptos to Buy in 2026 Q1: A ChatGPT Deep Dive Analysis

Explore the top 5 cryptos to buy in Q1 2026 including BTC, ETH, SOL, TAO, and ONDO. See price outlooks, key narratives, and institutional catalysts shaping the next market move.

How to Earn $15,000 with Idle USDT Before Altcoin Season 2026

Wondering if altcoin season is coming in 2026? Get the latest market update, and learn how to turn your idle stablecoins waiting for entry into extra rewards up to 15,000 USDT.

Popular coins

Latest Crypto News

Read more