NZD/USD Price Analysis: Holds near 0.5725 with short-term moving averages supporting bullish tilt
Source Fxstreet
- NZD/USD was seen hovering around the 0.5725 area on Wednesday, showing mild losses within a narrow intraday range.
- While oscillators show mixed signals, shorter-term moving averages lean bullish, keeping the upside potential intact.
- Support aligns at 0.5722–0.5725 zone, while resistance caps upside around 0.5732–0.5740 levels.
The NZD/USD pair traded with limited traction during Wednesday’s session ahead of the Asian open, seen around the 0.5725 zone. Despite a mild decline on the day, the pair continues to hold in a tight range, consolidating recent gains while staying above key short-term support levels. Momentum remains mixed, yet the bullish structure still holds, supported by shorter-term trend indicators.
Technically, the Moving Average Convergence Divergence (MACD) signlas a mild bearish bias, while the Relative Strength Index (RSI) sits near 51, offering a neutral stance. The Bull Bear Power indicator, however, suggests latent buying interest. Meanwhile, the combined RSI/Stochastic oscillator also reads neutral, highlighting indecision in the momentum picture.
From a trend perspective, the 20-day Simple Moving Average at 0.5725 and both the 30-day EMA and SMA near 0.5723 continue to support short-term upside bias. However, traders should take note of the congestion between the 100-day and 20-day SMAs, currently at 0.5733 and 0.5720, respectively.
Support is stacked closely at 0.5725, 0.5723, and 0.5722, while resistance lies ahead at 0.5732, followed by 0.5740. A clean break above the latter may spark renewed interest toward higher levels, while failure to hold the support cluster could lead to short-term weakness.
NZD/USD daily chart
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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