NZD/USD Analysis: It remains about 0.5725 with short -term mobile stockings supporting a bullish inclination

  • The NZD/USD was around the area of ​​0.5725 on Wednesday, showing minor losses within an intradic range.
  • While the oscillators show mixed signals, the short -term mobile socks are inclined to the rise, keeping the bullish potential intact.
  • The support is aligned in the area of ​​0.5722–0.5725, while the resistance limits the rise around the levels of 0.5732–0.5740.

The NZD/USD was negotiated with limited traction during Wednesday’s session before the Asian opening, seen around the 0.5725 area. Despite a slight descent in the day, the pair continues to remain in a tight range, consolidating recent profits while maintaining the key level of short -term support. The impulse remains mixed, however, the upward structure is still supported, backed by short -term tendency indicators.

Technically, the convergence indicator divergence of the mobile average (MACD) indicates a slight bassist inclination, while the relative force index (RSI) is located about 51, offering a neutral posture. However, the bull/bassist power indicator suggests a latent purchase interest. Meanwhile, the RSI/Stochastic combined oscillator is also read as neutral, highlighting the indecision in the image of the impulse.

From a trend perspective, the simple 20 -day mobile mean at 0.5725 and both the EMA and the 30 -day SMA about 0.5723 continue to support the short -term bullish inclination. However, operators must take into account the congestion between the 100 -day and 20 days SMAs, currently at 0.5733 and 0.5720, respectively.

The support is stacked closely at 0.5725, 0.5723 and 0.5722, while the resistance is ahead at 0.5732, followed by 0.5740. A clear rupture above the latter could generate a renewed interest to higher levels, while the inability to maintain the support group could lead to short -term weakness.

NZD/USD DIARY GRAPH

Source: Fx Street

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