- NZD/USD pair offers on Friday, firmly above the main level 0.5700.
- The husband maintains his upward direction, supported by emerging technical indicators.
- The focus remains on whether the momentum can push the pair towards the next resistance level at 0.5750.
The New Zealand dollar pair/dollars NZD/USD continued his ups off, on Friday, up 0.44% to settle at 0.5705 and maintain his stability over the simple moving average for 20 days (SMA). This represents a fixed continuation of the upscale momentum that was observed since mid -January, which began to hack above 0.5600. While the slight declines earlier in the week reflected possible profits, the husband maintained his position above 0.5700, indicating a strong interest in purchase. On the negative side, the husband failed to maintain his instant rush near 0.5800.
Technical indicators are compatible with the positive view of the husband. The RSI (RSI) index has increased sharply to 63, which is fixed in the positive area, indicating a healthy bi -up and a field for more gains. Meanwhile, the graph of the rapprochement of the moving average (MACD) shown flat green bars, indicating continuous purchase pressure despite the temporary stopping of the acceleration.
Immediate resistance now appears at 0.5750, a level that can serve as a husband’s gateway to target height. On the bottom side, support is at 0.5670, followed by a more powerful floor around 0.5640. As long as the husband remains above these support levels, the upscale path remains existing, with the possibility of more height in the short term.
Daily graph for NZD/USD husband