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23 Jan 2025

NZD/USD Price Analysis: Pair stabilizes near recent highs, bulls present

  • NZD/USD tallies another winning day on Thursday.
  • The RSI climbs signaling strengthening bullish sentiment.
  • Pair seems to be building support around the 20-day SMA.

The NZD/USD pair settled at 0.5670, and the price action suggest a period of consolidation near recent highs but bullish momentum remains intact

Technical indicators reinforce the constructive outlook. The Relative Strength Index (RSI) has surged to 52, remaining in positive territory and reflecting increased buying interest. Additionally, the Moving Average Convergence Divergence (MACD) histogram continues to display rising green bars, underscoring sustained upward momentum and hinting at potential further gains in the near term.

From a technical perspective, immediate resistance lies at 0.5685, with a break above this level likely paving the way for a test of 0.5710. On the downside, support is observed at 0.5645, and any sustained drop below this level could trigger a deeper pullback toward 0.5610. Traders will be closely monitoring these levels as the pair seeks to establish a clearer directional bias.

NZD/USD daily chart

Jan 23, 2025

NZD/JPY Price Analysis: Pair edges lower amid fading bullish momentum

The NZD/JPY pair edged lower on Thursday, closing at 88.45, as the recent decline extended into another session.
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Jan 24, 2025

Australia Judo Bank Composite PMI increased to 50.3 in January from previous 50.2

Australia Judo Bank Composite PMI increased to 50.3 in January from previous 50.2
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