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- The NZD/USD pair rose 1.55% to close at 0.6235.
- The RSI has risen above the 70 level, while the MACD is showing rising green bars, indicating strong bullish momentum.
- A break above 0.6250 could lead to further upside towards 0.6300.
In Friday’s session, New Zealand Dollar/US Dollar The pair rose 1.55% to 0.6235, ending the week on a strong bullish note. The pair has broken out of a short-term consolidation range and is now facing a key resistance level at 0.6250. A break above this level could lead to further gains towards 0.6300.
On a daily basis tableThe Relative Strength Index (RSI) has risen to near 70, indicating strong bullish momentum but with potential for bearish consolidation. The Moving Average Convergence Divergence (MACD) is also showing rising green bars, supporting the positive outlook. Volume has increased over the past few sessions, suggesting that the current bullish momentum is likely to continue.
NZD/USD Daily Chart
The NZD/USD pair faces immediate resistance at 0.6255. Consolidation above this level could open the door for further upside towards a retest of the 0.6300 area. On the downside, immediate support is located in the 0.6200-0.6150 range. A break below 0.6150 could lead to further decline towards 0.6100.
