NZD/USD analysis: The torque moves up to 0.5740 while the bulls cling to the short -term bullish impulse

  • The NZD/USD was quoting near the area of ​​0.5740 on Thursday, registering modest profits before the Asian session.
  • Despite mixed signs of oscillators, the torque maintains a upward perspective backed by short -term mobile socks.
  • The key support is about 0.5725, while resistance levels are grouped together just above 0.5740; The congestion near the 100 SMA and 200 days can limit the rise.

The NZD/USD pair recorded mild profits on Thursday, climbing to the 0.5740 area after the American session and entering the Asian session with a firmer tone. The kiwi is negotiated near the upper limit of its intra -rank, backed by a modest recovery in the feeling. While short -term impulse seems constructive, technical indicators continue to show mixed signals, which justifies a cautious optimism for Friday.

The relative force index (14) is located in a 50.6 neutral, while the MACD continues to point out a slight sales pressure. However, the Bull Bear Power indicator suggests a slight buying interest. In addition, while the short -term mobile socks – the single mobile average (SMA) of 20 days in 0.5725 and the exponential and simple mobile socks of 30 days in 0.5722 – indicate a bullish inclination, the SMA of 100 days and 200 days, in 0.5732 and 0.5916, respectively, suggest a persistent pressure upward impulse.

In terms of levels, the support is observed in 0.5725, followed by 0.5722 and 0.5720. On the positive side, the immediate resistance is located at 0.5732 and 0.5740, with a possible breakout on top that paves the way for a broader recovery. Even so, operators should pay attention to how the price is behaved around the convergence of the SMA of 100 and 200 days, which can act as a pivot area for the next directional movement.

NZD/USD DIARY GRAPH

Source: Fx Street

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