NZD/USD may see an increase in value as indicated by a bullish bias on the daily chart. The upper boundary of the ascending channel at 0.6280 is the immediate resistance level, while the pair may find support around the nine-day EMA at 0.6189. The 14-day Relative Strength Index (RSI) remains above 50, confirming the bullish trend, and the nine-day Exponential Moving Average (EMA) is above the 50-day EMA, suggesting short-term upward momentum.
In the Asian session on Thursday, NZD/USD is trading around 0.6210 within an ascending channel pattern on the daily chart, signaling a bullish bias. However, a break below the lower boundary of the channel could weaken this sentiment. The pair may test the upper boundary of the channel at 0.6280, followed by the eight-month high of 0.6302 recorded on September 3. A break above this level could drive the pair towards 0.6300. On the downside, immediate support may be found at the nine-day EMA at 0.6189, near the lower boundary of the channel, with a break below this level potentially leading the pair towards the 50-day EMA at 0.6128.
The table below shows the percentage change of the New Zealand Dollar (NZD) against other major currencies. The New Zealand Dollar was the strongest against the Japanese Yen, with varying changes against the US Dollar, Euro, British Pound, Canadian Dollar, Australian Dollar, and Swiss Franc. The heat map visually represents the percentage changes of major currencies against each other, with the base currency selected on the left column and the quote currency on the top row to display the percentage change between the two currencies.
