NZDUSD reverses sharply after false breakdown, leads major FX gains vs USD | Forexlive

NZDUSD is rebounding strongly today after a false break to the downside in yesterday’s session. The pair briefly dipped to a new low for 2025—and a fresh low going back to October 2022—but the move failed to find follow-through selling. That failure flushed out sellers and sparked some dip buying, turning the pair higher and giving the buyers near the lows some hope. A low was reached.

Today, the , NZDUSD is up 1.22%, making it one of the top performers against the USD, alongside AUDUSD. Stocks moving higher is helping the risk-on sentiment . Technically, the pair has reclaimed ground above the swing area between 0.5581 and 0.55918, further strengthening the short-term bullish bias. That area will now be close support. Staying above gives the buyers more hope for further momentum

Looking higher, the next key resistance zone comes into focus between 0.57099 and 0.57225, where a cluster of moving averages—including the 100- and 200-bar MAs on the 4-hour chart—could act as a barrier for upside continuation. A break above would shift the broader technical outlook and potentially target the 38.2% retracement near 0.5838. Last week, the price extend above that retracement level but could not sustain momentum and moved. Lower

🔹 Key levels:

• Support: 0.55918–0.5581 (prior swing area)

• Resistance: 0.5647 (low price from March 31), 0.57099–0.57225 (MA cluster), then 0.5838 (38.2% retracement)

• Bias: Bullish short-term above 0.55918