NZD/USD, Wednesday, July 9, 2025.

Global risk sentiment regarding commodity currencies and New Zealand's cautious monetary outlook are putting pressure on the Kiwi's potential today.

Key Levels

1. Resistance. 2 : 0.6054.

2. Resistance. 1 : 0.6022.

3. Pivot : 0.5998.

4. Support. 1 : 0.5966.

5. Support. 2 : 0.5942.

Tactical Scenario

Pressure-Prone Zone: If the price breaks down and closes below 0.5966, the Kiwi has the potential to continue its decline to 0.5942.

Momentum Extension Bias: If volatility and weakening momentum are strong enough for NZD/USD to break through and close below 0.5942, it has the potential to continue weakening to 0.5910.

Invalidation Level / Bias Revision

Downside bias is maintained if the price breaks through and closes above 0.6054.

Technical Summary

The 50-day moving average (EMA) remains below the 200-day moving average (EMA), and the RSI (14) is in a neutral-bearish position (35.42), indicating that NZD/USD is in a weakening position.

Economic News Release Agenda:

NZ - Official Cash Rate - 09:00 WIB.

US - Final Wholesale Inventories m/m - 21:00 WIB.

US - Crude Oil Inventories - 21:00 WIB.