- NZD/USD is more than 1 % on Friday, as it has reached its highest level since late January.
- The pair extends gains that exceed 0.5730, and put her scenes on SMA 100 days at 0.5825.
NZD/USD pair gathered on Friday, jumping to 0.5735 and distinguishing a new height in several weeks. This upscale step enhances the husband’s recovery from its lowest levels and suggests a possible transformation in feelings as buyers aim at higher levels. The next important technical obstacle is now on a simplely simple moving average (SMA) near 0.5825, a major level that can determine whether the gathering has an additional space to extend it.
Momentum indicators turn more constructive. The RSI (RSI) index increased sharply to 64, reflecting the increase in purchase pressure and indicates that the husband approaches the excessive conditions at its peak. Meanwhile, a graph of the contrast to the moving average rapprochement (MACD) remains flat, which hints to the bullish trend that may need more confirmation before the continuous collapse.
We look forward, if NZD/USD scan SMA for 100 days at 0.5825, the next resistance level appears at 0.5860, a previous support area that turned into resistance. On the negative side, immediate support lies at 0.5700, with a deeper decline that is likely to target 0.5660, as buyers may look to re -enter.
NZD/USD daily chart
