NZD/USD Price analysis: Kiwi extends profits about 0.59 but impulse signals indicate caution

• The NZD/USD quotes near the 0.5900 area after another daily impulse
• The MACD supports the bullish inclination, while the RSI flirts with overcompra territory
• The key mobile socks continue to support the upstream of the pair

The NZD/USD pair advanced per third session on Wednesday, staying close to the 0.5900 region before the Asian session. The torque saw modest profits and remained confined within a relatively narrow range between 0.58865 and 0.59308, suggesting a constant bullish tone.

From a technical perspective, the general inclination remains positive. The MACD prints a purchase signal, confirming a continuous bullish impulse. The Relative Force Index (RSI) is 65.16, approaching overcompra conditions but still neutral. Similarly, the amazing oscillator and the average directional index (ADX) remain flat, insinuating that the current upward trend lacks a strong conviction.

Even so, the background is still favorable for additional profits. All the main mobile stockings – including the 20 -day SMA at 0.57318, the 100 -day at 0.57083 and the 200 -day at 0.58897 – are aligned in favor of buyers. The EMA of 10 days (0.57905) and the SMA (0.57374) also reinforce this structure, helping the torque to maintain their recent rising impulse.

The immediate support is found at 0.58897, followed by 0.58421 and 0.57905. On the positive side, buyers can point to resistance around 0.5966 if the impulse is strengthened.

Daily graph