FX.co ★ shahida89 | NZD/USD

Technical analysis of NZDUSD for today For this week we’re going to keep it short as we would like to put together further analysis and plans for the upcoming However, the golden rule remains unchanged: confirmation is compulsory. Without clear signals such as rejection wicks, bullish order blocks, or displacement candles on lower timeframes, a trade should not be taken. Patience is a trader’s strongest edge in such setups. In terms of market psychology, EMAs reflect the average perception of price value among traders. When price is above these moving averages, market participants generally perceive the trend as bullish, leading to buy-side pressure on retracements. This collective bias often creates a self-reinforcing cycle: the more traders who recognize EMA alignment, the more buying occurs, which in turn pushes price higher. For traders, this means aligning with momentum rather than fighting it. From a psychological standpoint, support zones like tend to test traders’ patience. Many inexperienced traders either jump in too early without waiting for confirmation or hesitate due to fear of being wrong. The disciplined trader understands that the market often sweeps liquidity before moving in the intended direction, and confirmation at lower timeframes provides the edge needed to separate high-probability setups from traps. Volume & RSI: Volume increased at the breakout and has since fallen, indicating waning momentum. The RSI is at 51.21 — mid-point — suggesting indecision within the market. Its neither oversold nor overbought, so perhaps were waiting for a clearer signal. Moving Averages: The 20-day EMA is flattening, reinforcing a near-term neutral-to-bearish stance, while the 50-day SMA remains a key pivot for medium-term traders. Key Support and Resistance Levels: Support: 0.5850,0.5835,0.5800 Resistance: 0.5907,0.5940,0.5997