NZDUSD tests MA support cluster after bounce higher stalls at 200-hour MA | Forexlive

NZDUSD is trading in a well-defined technical range as traders weigh directional cues. In the Asia-Pacific session, the pair once again found buyers ahead of the rising 200-bar moving average on the 4-hour chart, which currently sits near 0.5708. Today’s low came in at 0.5713, just above that level—echoing similar buying interest seen on Monday and Tuesday. Also reinforcing this support area is the 50% retracement of the move up from the February low, which comes in at 0.57072.

The rebound from that support pushed NZDUSD through a cluster of moving averages, including:

The momentum carried the pair higher until it ran into resistance at the 200-hour MA, currently at 0.5763. This level is just below a swing area between 0.5764 to 0.57716 (see red numbered circles). A sustained break above this area is needed to shift the near-term bias back to the upside with the focuse at the highs from March. Sellers leaned against that area, and the price has rotated back down.

The fall has now taken the price to the key MA support cluster between 0.5733 and 0.5738, which includes:

This dense zone is acting as a short-term floor. If buyers can hold this support, a return to the 0.5763–0.5771 resistance zone is on the table. Conversely, a break below 0.5733 would shift the bias back toward the downside, putting the spotlight once again on the 200-bar MA on the 4-hour chart and 50% retracement near 0.5707.

📌 Key levels to watch

Resistance:

Support:

• 0.5733–0.5738 (cluster of MAs)

• 0.5707–0.5709 (50% & 200-bar MA, 4H)