Technical analysis of NZD/USD 05/22/2025

The NZD/USD currency pair on the daily timeframe (1D) is in a corrective uptrend

The pair rebounded from the 0.5500 area and maintains upward momentum.

The price has broken above the 100-day and 200-day moving averages, indicating a medium-term trend shift to the upside.

The 0.5932 level (50% Fibo) acts as a zone of consolidation and balance.

The nearest resistance is at 0.6030 (61.8% Fibo).

A breakout above this level could pave the way toward 0.6358 (100% Fibo).

Support is located around 0.5828 (38.2% Fibo), where buying interest is concentrated.

The RSI is at 53.9, staying in neutral territory, suggesting potential for continued growth or a pullback.

The bullish scenario remains in play as long as the price holds above 0.5932 and the ascending trendline.

A break below and consolidation under 0.5828 could trigger a corrective decline.

Created by Joshua Hayn