NZD/USD PRICE ANALYSIS: Alcistas gain traction before the key resistance zone

  • The NZD/USD is negotiated near the 0.5900 area, supported by an upward impulse in Monday’s Asian session
  • Short -term mobile socks are aligned upwards, but the MACD and 200 -day SMA generate caution
  • Observed resistance about 0.5890–0.5900, while the support is located just above 0.5700 level

The NZD/USD pair extended its progress during Monday’s session before Asian opening, climbing near the 0.5900 area and registering a daily gain of almost 1%. The torque advances within the upper part of its daily range, suggesting a continuous bullish traction despite the longer -term bearish risks that persist.

The momentum remains mixed. The relative force index (RSI) is neutral in 53.82, while the fast stochastic RSI and the amazing oscillator are floating in neutral territory.

On the support side, short -term mobile socks offer a constructive background. The 10 -day EMA and SMA, at 0.56685 and 0.56688 respectively, point up, together with the 20 -day SMA in 0.57156 and the 100 -day SMA at 0.57072. These help validate the upward narrative. However, the 200 -day SMA at 0.58946 looms above as a possible resistance and could limit additional advances unless it breaks decisively.

Daily graph

Source: Fx Street

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