NZD/USD, Monday, July 21, 2025

Although technically, all indicators still point to weakness, the emergence of divergence between price movement and the RSI(14) indicator indicates a potential reversal today in the NZD/USD currency pair.

Key Levels

1. Resistance Level 2: 0.6020.

2. Resistance Level 1: 0.5988.

3. Pivot: 0.5954.

4. Support Level 1: 0.5922.

5. Support Level 2: 0.5888.

Tactical Scenario

Positive Reaction Zone: If the Kiwi price successfully breaks through and closes above 0.5954, the commodity currency pair will head towards 0.5988.

Momentum Extension Bias: If the 0.5988 level is successfully broken through and closes above it, there is potential for NZD/USD to appreciate to 0.6020.

Invalidation Level / Bias Revision

The upside bias weakens when the Kiwi price breaks through and closes below 0.5888.

Technical Summary

EMA(50): 0.5951.

EMA(200): 0.5952.

RSI(14): 35.59.

Economic News Release Agenda:

Positive sentiment for the Kiwi was boosted by the increase in China's GDP. Today's economic data releases are:

US CB Leading Index m/m, 9:00 PM WIB.