NZD/USD PRICE ANALYSIS: The Kiwi rises to 0.5700 despite the persistent bearish background

• The NZD/USD is negotiated near the 0.5700 area after a strong upward movement during the session on Wednesday.
• Despite the recovery, the general indicators maintain a bassist tone as the price is close to short -term resistance.
• Key resistance levels emerge near the area of ​​0.5669, with support keeping around 0.5537.

The NZD/USD pair advanced firmly on Wednesday, rising sharply before the Asian session and negotiating near the 0.5700 brand. The torque is testing the upper region of its daily rank, reflecting a strong intradic rebound despite a broader background that still leans down. The technical indicators show a mixed impulse, with the short -term strength colliding with the longest long -term trend signals.

Daily graph

From an impulse perspective, the relative force index (RSI) is 46.72 and the average directional index (ADX) in 12.28 – both neutral, but with the RSI recovering in negative area. However, the mobile convergence/divergence (MACD) continues to produce a sales signal, suggesting that recovery can face winds against. The stochastic %K at 21.04 is also neutral, providing any clear track in the short term.

The broader trend perspective remains bassist. The simple mobile average (SMA) of 20 days at 0.57139, the 100 -day SMA at 0.57090 and the 200 -day SMA in 0.58963 are all in downward trend, pointing to a pressure sustained down. In addition, the 10 -day exponential (EMA) mobile average and the 10 -day SMA at 0.56542 and 0.56697 respectively continue to reinforce this vision.

Observing price levels, the resistance is seen about 0.56542, followed by 0.5667 and 0.56692 – a group that could limit a greater rise in the short term. The support is found at 0.55375, offering a key floor in case the bearish pressure resumes. In general, although the torque has shown strength today, it remains technically vulnerable unless it can be established firmly above the congestion zone of the mobile average.