Technical Analysis: NZDUSD

NZDUSD surged by more than 2%

On Wednesday, NZDUSD rebounded from a low level. It ended up 2.09% at 0.5638.

Trump paused reciprocal tariffs

On Wednesday, the US President Trump announced 90-day pause on reciprocal tariffs for most countries in order to have a negotiation.

The RBNZ cut the interest rate by 25 basis points

On Wednesday, the RBNZ (Reserve Bank of New Zealand) cut the official cash interest rate by 25 basis points to 3.5%, meeting market expectations. The New Zealand economy grew as expected, and the inflation was curbed, the RBNZ said.

Technically speaking, the bullish market trend prevailed

the Chart of the Day

On the chart of the day, NZDUSD rebounded steadily from a low level. The bullish market trend prevailed in the short term. In terms of technical indicators, KDJ went upwards after golden cross occurred, showing that NZDUSD will rise further. Investors should focus on whether NZDUSD will break through the resistance at 0.568. It will jump further with potential resistance at 0.580 if it breaks above 0.568.

4-hour chart

On the 4-hour chart, NZDUSD was prone to fluctuation and climbed. The bullish market trend prevailed. In terms of technical indicators, MACD went upwards after golden cross occurred, showing that the market trend is bullish. Investors should focus on whether NZDUSD will break through the support at 0.559. It will rise further if it retreats but is stable above 0.559.

Key resistance: 0.568,0.580

Key support: 0.559,0.555

Generally speaking, NZDUSD is more likely to rise further in the short term. Investors should buy as it retreats during the day.