- NZD/USD fell sharply towards the 0.5600 zone on Friday, monitoring heavy every day losses forward of the Asian session.
- Momentum indicators align bearishly, with MACD and Bull Bear Energy displaying clear promoting strain.
- Main transferring averages and resistance close to 0.5700 cap upside makes an attempt for now.
The NZD/USD pair collapsed on Friday, diving towards the 0.5600 space as bearish momentum dominated the session. The pair traded deep within the purple, shedding over 3% on the day and remaining mid-range between current extremes at 0.5551 and 0.5798. Sellers stayed firmly in management by the day, with technical indicators confirming the downturn. The motion unfolds throughout Friday’s session forward of the Asian opening.
Every day chart
Technicals recommend a transparent draw back bias. The Transferring Common Convergence Divergence (MACD) and Bull Bear Energy indicator each print promote alerts, amplifying bearish sentiment. Whereas the Relative Energy Index (RSI) at 37.21 flirts with oversold territory.
Transferring averages reinforce the bearish tone throughout the board. The ten-day Exponential Transferring Common (EMA) at 0.57105 and 10-day Easy Transferring Common (SMA) at 0.57148 are each aligned decrease. Longer-term indicators, together with the 20-day SMA at 0.57342, the 100-day at 0.57177, and the 200-day at 0.59039, affirm an prolonged interval of promoting strain.
