- The NZD/USD advances on Friday, staying above the key level of 0.5700.
- The pair maintains its upward trend, backed by bullish technical indicators.
- The attention continues in itself the impulse can lead to the next level of resistance at 0.5750.
The NZD/USD pair continued its upward career on Friday, rising 0.44% to be 0.5705 and staying above its simple mobile (SMA) average of 20 days. This marks a constant continuation of the bullish impulse observed since mid -January, which began with a break above the level of 0.5600. Although the minor setbacks at the beginning of the week reflected a possible benefits, the PAR has maintained its position above 0.5700, pointing out a strong buying interest. On the negative side, the torque failed to maintain its impulse intradica about 0.5800.
The technical indicators are aligned with the positive perspective of the torque. The relative force index (RSI) has risen to 63, firmly in positive territory, which suggests a healthy bullish impulse and margin for more profits. Meanwhile, the histogram of the convergence/divergence of mobile socks (MACD) shows flat green bars, indicating a sustained purchase pressure despite a temporary pause in acceleration.
The immediate resistance is now at 0.5750, a level that could act as an entrance door for the highest point. Down, the support is found at 0.5670, followed by a more robust floor around 0.5640. While the torque is maintained above these support levels, the bullish trajectory remains intact, with potential for greater appreciation in the short term.
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.