- The NZD/USD rises on Tuesday, reaching 0.5655 as buyers earn traction.
- The torque proves the 20 -day SMA at 0.5650, a key technical threshold.
- Impulse indicators show mixed signals, with bullish attempts facing resistance.
The NZD/USD advanced on Tuesday, rising 0.31% to quote at 0.5655 while the bulls tried to recover control. The torque is currently testing the simple mobile average (SMA) of 20 days in 0.5650, a level that has acted as a key resistance zone. Sustained maintenance above this brand could improve the short -term perspectives, while the failure in maintaining the bullish pressure could leave the pair vulnerable to a renewed sale.
Technical indicators offer a mixed perspective. The relative force index (RSI) has risen abruptly to 51, pointing out an improvement in the upward feeling as it moves in positive territory. However, the histogram of the convergence/divergence indicator of mobile socks (MACD) remains flat with green bars, which suggests that, although the sales pressure has decreased, the bullish impulse remains tentative.
Looking forward, a decisive breakdown above 0.5670 could open the door to 0.5700, reinforcing a more constructive bias. Down, if the torque fails to maintain the 20 -day SMA, the vendors could recover control, with an immediate support emerging at 0.5620, followed by the psychological level of 0.5600.
NZD/USD Daily Graphic
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.
