The NZD/USD remains firm near the recent maximums as China’s data and the feeling of appetite for the risk support the Kiwi

• The New Zealand dollar extends profits against the US dollar, rising around 1% in the day.
• Immediate resistance at 0.6080; A sustained breakdown could pave the way for a 0.6200 psychological level proof.
• The RSI remains comfortably above the neutral level, and the MACD remains positive, both suggesting space for more profits.

The New Zealand dollar (NZD) advances against the US dollar (USD) on Monday, recovering from Friday’s fall, since the wide weakness of the US dollar and the decrease in geopolitical tensions raise the appetite for risk. The operators trimmed safe refuge bets amid increasing signs that tensions between Israel and Iran may not climb to a broader conflict, although both parties continue to indicate their disposition to retaliation, keeping the markets somewhat nervous.

The NZD/USD pair remains close to the maximum of Friday, rising approximately 1% in the day, and was last quoting around 0.6072 during the American session. The Kiwi also receives support from China’s retail sales data for May, which were stronger than expected, which has improved demand prospects since China is the largest New Zealand export market.

From a technical point of view, the NZD/USD maintains a constructive tone. A broad look at the daily chart reveals a well -supported bullish trend that has emerged since mid -April, with the pair printing consistently minimal and maximum higher. The short -term mobile socks confirm this bullish tone, the 21 -day EMA is 0.6002, while the 50 -day EMA is approaching around 0.5936. The price action has repeatedly found buyers near these dynamic supports, suggesting that the purchase in falls remains the dominant play for now.

Notably, the torque has formed what appears to be a bunder flag rupture around the end of May, which since then has been resolved upwards, giving credibility to a continuation scenario towards the 0.6200 region as the next objective.

Momentum signs further support the bullish bias. The Relative Force Index (RSI) in the daily chart is located just below the level of 60, indicating a healthy upward impulse without still showing overcompra conditions. Similarly, the convergence/divergence indicator of mobile socks (MACD) remains in positive territory, with its signal line comfortably above zero, indicating that the bullish impulse could persist in the short term.

In the upper part, immediate short -term resistance is marked at 0.6080, a level that has limited advances in recent sessions. A clear rupture above this barrier could pave the way for a more significant roof test at 0.6200. A daily closure sustained above that could open the door to a new rally towards the 0.6300 area.

In the lower part, the initial support is found in the 21 -day EMA, about 0.6002, with a stronger back of 50 days around 0.5936. A decisive fall below these levels would undermine the short -term bullish structure and could make the torque back towards the lower limit of the flag pattern about 0.5850.

In general, while the NZD/USD is maintained above the level of 0.6000, the broader bias remains to be bought in falls, but the operators will be attentive to a firm break above 0.6080 to confirm a new bullish impulse.