- The NZD/USD operates near the 0.5700 area after registering solid profits before the Asian session.
- The short -term mobile socks point to a bullish bias despite mixed signs of the indicators.
- The support is in the middle of 0.5700 while the resistance emerges closer to the 0.5800 area.
The NZD/USD pair extended its bullish impulse during Thursday’s session, climbing to the 0.5700 area after registering notable intradic earnings. The torque remains comfortably positioned within its daily range of 0.56282 to 0.57656, reflecting a growing horny feeling in the short term.
From a technical perspective, the relative force index (RSI) is currently 53.82, indicating a neutral impulse but improving towards the positive area, while the indicator of convergence/divergence of mobile socks (Macd) continues to suggest a sales signal. Despite this, short -term mobile socks are being aligned in support of the ongoing upward movement. The 10 -day EMA at 0.56685 and the 10 -day SMA at 0.56688 point up, closely followed by the 20 -day SMA at 0.57156 and the 100 -day SMA at 0.57072, validating the short -term bullish bias further.
Meanwhile, 200 -day SMA at 0.58946 can act as a long -term resistance threshold. The RSI Fast stock in 41.67 and the Awesome Oscillator in -0.00854 remain neutral, without adding immediate conviction to the directional bias.
NZD/USD DIARY 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.
