NZD/USD Price Analysis: Momentum slackens as buyers get rejected at the 200-day SMA

• The daily chart reveals a subtle change in buyers’ momentum, noted by decreasing MACD green bars and a neutral RSI.
• Hourly indicators picture a balanced scenario for the session.

At the end of the week, the NZD/USD has lost 0.21% as buyers seem to have run out of steam. The sluggish trend momentum might suggest an emerging bearish grip, although the short-term positive outlook remains largely unbroken.

Despite the Relative Strength Index (RSI) sitting in the neutral zone and displaying a positive outlook, the overall trend appears to be flattening. The Moving Average Convergence Divergence (MACD) also echoes the slowing momentum, printing decreasing green bars.