{
  "id": 27038,
  "title": "NZD/USD Price Forecast: Bulls eye 0.6000 after SMA break",
  "url": "https://urgent.news/2026/07/31/nzd-usd-price-forecast-bulls-eye-0-6000-after-sma-break",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T20:15:11.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/nzd-usd-price-forecast-bulls-eye-06000-after-sma-break-202607312015"
  },
  "original_language": "en",
  "account": "NZD/USD price forecast suggests bulls targeting 0.6000 following a break of the Simple Moving Average (SMA). The Kiwi Dollar has been on a three-day rally, surpassing 0.5850 and eyeing the 0.5900 mark amid improving risk sentiment and declining US Dollar strength. A break above the 200-day SMA provides support to the bullish trend, with traders watching out for the May monthly high at 0.5995 and the February 12 daily peak at 0.6077. The NZD/USD pair shows a more constructive market structure, indicating further upward movement. The Relative Strength Index (RSI) remains bullish and nears overbought territory. Should NZD/USD clear 0.5900, the next target is the May 29 high at 0.5995, followed by the February 12 peak at 0.6077 and then testing the yearly peak at 0.6094. The first support level is the psychological level of 0.5850, with the confluence of the 100- and 200-day SMAs at around 0.5821/23 ahead. The 50-day SMA at 0.5790 is also a key level to watch. Factors affecting NZD/USD include the health of the New Zealand economy, dairy prices, and the Reserve Bank of New Zealand's (RBNZ) inflation-targeting policy. The RBNZ aims to maintain an inflation rate between 1% and 3%, with interest rate adjustments impacting the NZD's appeal to investors. Macroeconomic data releases in New Zealand are crucial for assessing the economy's state and influencing the New Zealand Dollar's valuation. A strong economy attracts foreign investment and may lead to a higher interest rate set by the RBNZ, strengthening the NZD. Conversely, weak economic data may result in a depreciating NZD. NZD tends to strengthen during risk-on periods and weaken during market turbulence or economic uncertainty.",
  "summary": "The Kiwi Dollar extends its three-day rally, climbing above 0.5850 and is poised to challenge 0.5900 amid improving risk appetite and broad US Dollar weakness. The clearance of the 200-day Simple Moving Average (SMA) supports the bullish trend, as traders eye the May monthly high at 0.5995.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD consolidates above $55 as downside momentum eases",
        "url": "https://urgent.news/2026/07/31/silver-price-forecast-xag-usd-consolidates-above-55-as-downside",
        "published": "2026-07-31T17:40:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}