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NZD/USD remains subdued for the second consecutive day, trading around 0.5990 during the early European hours on Thursday. The technical analysis of the daily chart signals a potential for bearish reversal as the pair price is positioned slightly below the lower ascending channel boundary. The nine-day Exponential Moving Average (EMA) rises above the 50-day EMA, sustaining a bullish bias, while the NZD/USD pair holds above the medium-term average. With moving averages aligned to the upside, a close back above the nine-day EMA could unlock further extension. The 14-day Relative Strength Index (RSI) at 60 (neutral-bullish) has cooled from recent extremes, pointing to momentum consolidation rather than reversal. RSI holding above 50 would keep dips shallow; a slide toward the midline would flag waning traction. The immediate barrier lies at the nine-day EMA of 0.5994. A rebound above the short-term average would support the pair to return to the ascending channel and target the 16-month high of 0.6121, which was recorded in July 2025. Further advances would lead the NZD/USD pair to explore the region around the upper boundary of the ascending channel at 0.6270. On the downside, the NZD/USD pair may fall toward the 50-day EMA at 0.5853. A break below the medium-term average would put downward pressure on the pair to navigate the region around the 10-month low of 0.5580. NZD/USD: Daily Chart (The technical analysis of this story was written with the help of an AI tool.) New Zealand Dollar FAQs The New Zealand Dollar (NZD), also known as the Kiwi, is a well-known traded currency among investors. Its value is broadly determined by the health of the New Zealand economy and the country’s central bank policy. Still, there are some unique particularities that also can make NZD move. The performance of the Chinese economy tends to move…

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Filed under: News - @ February 5, 2026 8:29 am