NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control


The NZDUSD pushed to a new high today—its highest level since November 2024—before stalling near a key swing area between 0.6031 and 0.6045, which also includes the 61.8% retracement of the decline from the late September 2024 high, coming in at 0.60357.

After failing to break through that resistance zone, the pair rotated lower and is now trading at new session lows, with the most recent dip reaching 0.5969. This decline brings the pair closer to the rising 100-hour moving average, currently at 0.5964. Yesterday, the 100-hour MA was tested for the first time since April 9, and buyers successfully defended the level.

Heading into the new trading day, the 100-hour MA will be a key technical barometer. Dip buyers may look to lean against this support, hoping for a rebound toward the highs and another test of the 61.8% retracement and swing area. However, a break below the 100-hour MA would shift the focus to the 50% retracement at 0.5930, followed by the rising 200-hour moving average at 0.5907.

Sustained movement below both the 50% level and the 200-hour MA would be needed to strengthen the bearish bias and suggest a more meaningful reversal in the pair’s recent uptrend.

NZDUSD technicals

Later this year,
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.



  • Related Posts

    China says Geneva trade talk meeting a first step; differences &frictions remain; win-win
    • May 11, 2025

    China’s Vice Premier He Lifeng described the weekend talks with U.S. officials as an important first step in stabilising bilateral trade relations, acknowledging that while differences remain, saying frictions are…

    Continue reading
    India and Pakistan declare immediate ceasefire
    • May 10, 2025

    Earlier today there was a concerning escalation with Indian cruise missiles hitting Pakistan’s Nur Khan Airbase. Earlier, there was also an Indian military facility in Beas hit by Pakistan, supposedly…

    Continue reading

    Random News

    The Media Is Terrified To Call Trump Accepting A Luxury Jet From Qatar A Bribe

    • By gonews
    • May 11, 2025
    • 1 views
    The Media Is Terrified To Call Trump Accepting A Luxury Jet From Qatar A Bribe

    23andMe customers notified of bankruptcy and potential claims — deadline to file is July 14

    • By gonews
    • May 11, 2025
    • 1 views
    23andMe customers notified of bankruptcy and potential claims — deadline to file is July 14

    The Ultimate Guide To Gambling On Horses

    • By gonews
    • May 11, 2025
    • 1 views
    The Ultimate Guide To Gambling On Horses

    Hamas to Release Alexander in ‘Goodwill’ Ceasefire Gesture ahead of Trump Visit

    • By gonews
    • May 11, 2025
    • 1 views
    Hamas to Release Alexander in ‘Goodwill’ Ceasefire Gesture ahead of Trump Visit