Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
13 May 2025

NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA

  • NZD/USD faces immediate resistance near the nine-day EMA at 0.5912.
  • The 14-day RSI sits at the 50 level, indicating a neutral bias.
  • The pair may retest initial support at the rectangle’s lower boundary around 0.5850.

The NZD/USD pair retraces its recent losses registered in the previous session, trading around 0.5890 during the European hours on Tuesday. The technical analysis of the daily chart suggests a neutral outlook, with the pair consolidating within a rectangular range.

Additionally, the 14-day Relative Strength Index (RSI) is positioned on the 50 mark, suggesting a neutral bias. A clearer directional trend may emerge with further price movement. However, the NZD/USD pair remains below the nine-day Exponential Moving Average (EMA), signaling weak short-term momentum.

The immediate barrier appears at the nine-day EMA of 0.5912. A break above this level could reinforce the short-term price momentum and support the NZD/USD pair to approach the rectangle’s upper boundary at 0.6020, followed by the six-month high of 0.6038, last seen in November 2024. Further resistance seems at the seven-month high near 0.6350, recorded in October 2024.

On the downside, the NZD/USD pair may retest the initial support at the lower boundary of the rectangle around 0.5850, followed by the 50-day EMA at 0.5836. A break below this crucial support zone could weaken the medium-term price momentum and put downward pressure on the NZD/USD pair to test support at 0.5485, a level not visited since 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 Canadian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD -0.15% -0.22% -0.34% 0.10% -0.47% -0.53% -0.60%
EUR 0.15% -0.07% -0.15% 0.25% -0.31% -0.36% -0.41%
GBP 0.22% 0.07% -0.10% 0.31% -0.22% -0.32% -0.34%
JPY 0.34% 0.15% 0.10% 0.45% -0.13% -0.22% -0.21%
CAD -0.10% -0.25% -0.31% -0.45% -0.65% -0.63% -0.68%
AUD 0.47% 0.31% 0.22% 0.13% 0.65% -0.05% -0.10%
NZD 0.53% 0.36% 0.32% 0.22% 0.63% 0.05% -0.05%
CHF 0.60% 0.41% 0.34% 0.21% 0.68% 0.10% 0.05%

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).

May 13, 2025

ECB’s Makhlouf: Uncertainty is weighing on investment

European Central Bank (ECB) Governing Council member and Central Bank of Ireland Governor Gabriel Makhlouf said on Tuesday that “uncertainty is weighing on investment; soft data pointing to a significant cooling in business and consumer sentiment.”
Read more Previous
May 13, 2025

EUR: Cheaper levels – ING

At some points over the last six weeks, it felt like there was no point trying to pick a top in EUR/USD as overwhelming bearish sentiment on the dollar dominated.
Read more Next