- On Thursday, NZD/USD traded to 0.5800 zones, raising profits from the Asian session.
- The speed with the showing signal of the MACD is positive, while RSI and other rock are in neutral regions.
- Support remains at 0.5776 and 0.5749, while 0.5850 and 200-day SMA caps are upside down.
The NZD/USD pair continued its positive runs on Thursday, with the farm near the area of 0.5800 and achieved speed before the Asian session. The verb is within the upper part of the daily range, the short -term speed indicators are mixed with the fixed demand. Overall, this pair is supported by a short-term average, which is turning the opposite.
Daily chart
From a technical point of view, the outlook is leaning the bullish. The ongoing average convergence diversgens (MACD) tend to flash a purchase signal, while the relative energy index (RSI) on 59.87 is neutral but the higher is the higher. The average directional index (ADX) in the other rock, such as Williams Persent Range (WLUPR) -27.16 and 12.35, also reflects a neutral vowel, which indicates the lack of extreme conditions at the speed.
The original short-term average, 0.57495, 10-day expansion Moving average (EMA), 0.57362 on 0.57362 advises all the opposite supports at 0.57449 at 10-day Simple Moving Average (SMA) and 20-day SMA 0.57449. The 100 -day SMA in 0.57199 strengthens positive bias. On the flip, the long-term 200-day SMA on 0.59049 stands as a key resistance level along with the 0.58517 zone, which can limit the bullish continuity in the nearest term.
Support is seen in 0.57766, then there are 0.57629 and 0.57495. These layers should stall speed on any poolback. Overall, this pair remains as Buddhist, more profits can rely on a break on 200 days SMA, which will strengthen the bullish case.
Post NZD/USD Price Analysis: The Kiwi Bullish technical signal extends the first online broker in Amarket by expanding around 0.5800 with intact.
