NZD/USD bounces strongly from 0.5580 low – Société Générale
Source Fxstreet
NZD/USD has rebounded sharply from last week’s low, breaking a falling wedge pattern, with the 50-day moving average near 0.5730 now in focus as a potential hurdle for further gains, Société Générale's FX analysts note.
NZD/USD breaks falling wedge, gains upward momentum
"NZD/USD has staged a sharp bounce after forming an interim low near 0.5580 last week. It has broken out from a pattern resembling a falling wedge highlighting resurgence of upward momentum."
"The pair is fast approaching the 50-DMA at 0.5730, which could be a short-term hurdle. It will be interesting to see if the pair can establish beyond this resistance. Cross above the moving average may lead to extension in the phase of rebound."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Google accelerates its post-quantum cryptography timeline to 2029 in its latest researchGoogle Quantum AI has released research showing that breaking Bitcoin’s encryption may require significantly fewer quantum resources than previously estimated. This discovery could potentially unlock billions of dollars in funds dormant due to private key losses. While Google’s discovery benefits individuals with no access to their fortunes, as Elon Musk promptly pointed out, it also […]
Google Quantum AI has released research showing that breaking Bitcoin’s encryption may require significantly fewer quantum resources than previously estimated. This discovery could potentially unlock billions of dollars in funds dormant due to private key losses. While Google’s discovery benefits individuals with no access to their fortunes, as Elon Musk promptly pointed out, it also […]
Ripple and Convera are working together to make cross-border payments faster using stablecoins and blockchain.
Silver (XAG/USD) price has bounced roughly 18% from its 2026 low, currently trading above $72. The recovery followed a hidden bullish divergence that began forming in December. Additionally, the lates
The XRP price traded at $1.31 on March 31, sitting directly above the neckline of a head-and-shoulders pattern that carries an 18% measured breakdown target if it fails.The 4-hour chart shows the righ
Markets are already reacting to rising geopolitical risk. Several Polymarket insiders who successfully bet on the start date of the Iran war are now betting heavily on US boots on the ground in Iran.N
Related Instrument
