The New Zealand Dollar demonstrates remarkable resilience, pushing decisively above the 0.5950 threshold against the US Dollar ... From a charting standpoint, the break above 0.5950 carries technical significance.
WELLINGTON, New Zealand – May 14, 2025 – The NZD/USD currency pair experienced a significant decline today, weakening to near the 0.5950 support level ... finding tentative footing around 0.5950.
The 0.5950 level represents not just psychological support but also aligns with the 61.8% Fibonacci retracement from the October 2024 rally, making it a technically significant confluence zone ... Why is the 0.5950 level so important for NZD/USD?.
The New Zealand dollar demonstrates remarkable resilience against the US dollar, maintaining its position above the critical 0.5950 support level despite the Reserve Bank of New Zealand’s unexpectedly dovish monetary policy stance.