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20 Mar 2025

NZD/USD Price Analysis: Bulls defend ground despite stalled momentum

  • NZD/USD holds around 0.5810, posting a neutral session after reversing earlier losses.
  • Despite bulls fighting back, indicators seem to have stalled in positive territory, limiting further upside potential.

NZD/USD traded near the 0.5810 area on Wednesday ahead of the Asian session, marking a day of choppy price action. The pair initially saw mild losses but managed to stabilize, as bulls stepped in to defend recent gains.

Technical indicators show a mixed picture. The Relative Strength Index (RSI) is positioned near the overbought zone but is declining sharply, indicating a slowdown in buying momentum. Meanwhile, the Moving Average Convergence Divergence (MACD) is still printing rising green bars, suggesting the broader trend remains bullish despite some hesitation.

On the downside, immediate support is found at 0.5775, aligning with the 20-day Simple Moving Average (SMA). A break below this level could expose further weakness toward 0.5730. To the upside, resistance sits near 0.5850, followed by a key hurdle at 0.5900.

NZD/USD daily chart

Mar 19, 2025

AUD/JPY Price Analysis: Bears push lower as key support approaches

AUD/JPY extended its decline on Wednesday ahead of the Asian session, slipping toward the 94.50 area after a second consecutive day in the red.
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Mar 20, 2025

New Zealand’s Gross Domestic Product grows 0.7% QoQ in Q4 vs. 0.4% expected

New Zealand's Gross Domestic Product (GDP) grew by 0.7% QoQ in the fourth quarter (Q4) compared with a 1.1% contraction (revised from -1.0%) in the third quarter, Statistics New Zealand showed on Thursday.
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