NZD/USD Approaches Major Resistance Zone – Market Update 09/10/2025

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“NZD/USD extended its recent intraday gains in an attempt to correct the prevailing short-term downtrend, trading along a key trendline as it retests the critical resistance level at 0.5800. This move is also met with resistance from the 50-period EMA, increasing the likelihood of weakening bullish momentum. Additionally, relative strength indicators have reached overbought territory — potentially overstating the price move — which further supports the case for a possible reversal.”

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