- NZD/USD trading near 0.5800 area after strong gains on Friday
- Resistance is in line with SMA for 200 days near 0.5895
NZD/USD pair extends in Friday session, when the couple was seen circulating near the 0.5800 area after a daily increase of 1.39 %. This step has placed an average price between the lowest level in the day 0.56282 and 0.57656, which enhances a shift in the short -term momentum.
However, the primary trend shows signs of strength, especially from the shortest mediums. The Si -moving average support for 10 days at 0.56685 and the simple moving average for 10 days at 0.56688 the upward procedure. SMA for 20 days at 0.57156 and 100 days SMA at 0.57072 as well. However, traders should remain cautious about SMA for 200 days at 0.58946, which may advance in the short term.
Looking forward, support levels are seen at 0.57156, 0.57072, and 0.57068, while the resistance is 0.57479, 0.58405, and 0.58946 embarrassment. The daily over the latter can enhance a more sustainable upward phase.
Daily chart
