- The NZD/USD operates near the area of 0.5530 before Asia after modest advanced advances on Tuesday.
- Despite the rebound, the widest signals remain bassist with the limited price by multiple mobile socks.
- The key resistance is around the band of 0.5567–0.5674, with down pressure accumulating below the 0.5657 area.
The NZD/USD pair recorded neutral movements during the session on Tuesday, with the torque moving around the 0.5530 region but achieving profits that led it to maximums above 0.5600.
Daily graph
Technically, the relative force index (RSI) is 35.28, with a momentum content but deeply in negative terrain. The indicator of convergence/divergence of mobile socks (MACD) continues to show a sales signal, reinforcing the broader bassist perspective. Meanwhile, the Bull Bear Power indicator remains neutral in −0.01859, and the momentum of 10 periods in −0.01851 is slightly slightly tilted.
The broader image is still under pressure. The 10 -day exponential (EMA) mobile average at 0.56571 and the simple mobile average (SMA) of 10 days in 0.56787 continue with descending slope. In addition, the 20 -day SMA (0.57184), the 100 -day SMA (0.57116) and the 200 -day SMA (0.58985) support the bearish case, forming a confluence zone that reinforces the inability of the torque to hold rebounds.
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.
