The NZD/USD trades rose to 0.5930 in Tuesday’s session, marking a slight increase with gains of 0.17%.
The RSI of the NZD/USD on the daily chart shows a slight recovery from the buyers. The hourly chart presents a more positive picture, with RSI remaining above 50, signaling increasing buying momentum. The currency pair continues to be guided by a long-term bearish trend. However, there is an attempt to challenge this bearish supremacy by buyers, albeit modest, and hourly indicators suggest that the momentum picked up is still weak.
Concurrently, the hourly Moving Average Convergence Divergence registers decreasing green bars, indicating weak buying traction. NZD/USD hourly chart In terms of the broader outlook, the NZD/USD resides in a definitive bearish stance as its latest position stays below the key Simple Moving Averages , of 20, 100, and 200-days SMA. This positioning suggests that the overall trend leans heavily towards the downside.
Majors Currencies Technical Analysis
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD Price Analysis: Bears maintain control, signs of short-term recovery surfaceIn Friday's session, the NZD/USD declined just below the 0.6000 threshold, illustrating a bearish outlook as sellers continue to dominate the market.
Read more »
NZD/USD Price Analysis: A break above 0.6000 could approach 14-day EMA, 23.6% FibonacciNZD/USD continues its losing streak for the third successive session as the US Dollar (USD) falls on the dovish sentiment surrounding the Federal Reserve's stance on the trajectory of interest rates, with market sentiment leaning towards the Fed initiating interest rate cuts starting in June.
Read more »
NZD/USD Price Analysis: Bears exert pressure, yet short-term bullish reversal seems possibleThe NZD/USD pair is operating at around 0.6000 with losses, The market landscape is primarily dominated by sellers, underscored by a prevailing negative trend.
Read more »
NZD/USD Price Analysis: Bears maintain control, short-term bullish flip on the horizonThe NZD/USD pair is currently trading at 0.5950, showing a 0.50% decrease in the session.
Read more »
NZD/USD Price Analysis: Bearish pattern unfoldingNZD/USD is falling in a bearish three-wave pattern, known as a Measured Move.
Read more »
NZD/USD Price Analysis: USD hold sway, short-term positive oscillations surfaceThe NZD/USD pair is currently trading at 0.5965, with a marginal gain of 0.13%.
Read more »