- NZD/USD quotes near the 0.59 zone after winning land during Tuesday’s session
- Technical perspectives remain bullish, with key mobile socks pointing to the north
- The support is aligned about 0.5890, with resistance seen in the region of 0.5910–0.5920
The NZD/USD moved up on Tuesday, quoting near the 0.59 area before the Asian session. The Kiwi continues to benefit from a sustained purchase interest, staying in an average range between the minimum and maximum of the day, and showing resistance despite mostly neutral oscillators.
From a technical perspective, the trend of impulse leans towards the rise. The Relative Force Index (RSI) is 63.91, even in neutral but comfortably above the midline and slightly increasing. The indicator of convergence/divergence of mobile socks (MACD) prints a green histogram bar, pointing out a continuous bullish impulse. However, some oscillators such as the rapid stochastic RSI (100.00) and the bullish/bassist power (0.03077) remain neutral, suggesting that the pair can be pause after recent profits.
Strengthening even more the positive tone are mobile socks. The 10 -day exponential mobile average at 0.57612 and the simple 10 -day mobile average at 0.57198 both indicate purchase. The broader trend is reinforced by simple 20 -day mobile socks (0.57265), 100 days (0.57076) and 200 days (0.58908), which are aligned on the rise and continue to offer support in the falls.
Looking forward, the support is found at 0.58908, followed by 0.58413 and 0.57612. The resistance is seen at 0.59128, with a break above this level potentially racing the way for more profits towards the region of 0.5950–0.6000.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
