The NZD/USD rose to a high of 0.6217 before stabilizing at 0.6170.
The NZD/USD holds in consolidation after a sharp mid-May rise. Buyers struggle to breach the 0.6220 area. Indicators remain in positive territory on the daily chart, though momentum points downward. The upward momentum of this pair has encountered resistance in the 0.6220 area, with attempts to breach this level remaining unsuccessful. In the daily chart, the Relative Strength Index stands at 56 but points down suggesting a slight decline in buying pressure.
Furthermore, the convergence of the 100 and 200-day SMAs in the 0.6050-0.6060 region continues to act as a robust support base for the pairing. This may serve as a trajectory for correction if a bearish trend emerges. Any movements below this point of convergence could be considered a sell signal. NZD/USD Overview Today last price 0.6171 Today Daily Change -0.0015 Today Daily Change % -0.24 Today daily open 0.6186 Trends Daily SMA20 0.6139 Daily SMA50 0.6041 Daily SMA100 0.6068 Daily SMA200 0.
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