In Monday's session, the NZD/USD pair rose by 0.30% to 0.6015, continuing the bullish trend seen in recent sessions.
NZD/USD rises above 0.6000, with bullish momentum increasing. RSI rises above 50, and MACD shows increasing bullish momentum. 0.6040 resistance in focus, a break above could extend gains. In Monday's session, the NZD/USD pair rose by 0.30% to 0.6015, continuing the bullish trend seen in recent sessions. The technical indicators suggest that the bulls have gained the upper hand and a further rise towards 0.6040 where the 200-day Simple Moving Average converges is likely.
The Moving Average Convergence Divergence is also showing increasing bullish momentum, with rising green bars signaling increasing upside potential. This combination of technical indicators suggests that the buying pressure is increasing and that the bulls are in control. NZD/USD daily chart On the daily chart, the NZD/USD pair is facing immediate resistance at 0.6040.
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