In Tuesday's session, the NZD/USD soared and rose by 0.80% to 0.6150, extending Monday's gains.
NZD/USD rallied to 0.6150 in Tuesday's session, extending Monday's gains. The RSI reached 63 while the MACD is showing rising green bars, suggesting increasing bullish momentum. A break above 0.6200 could lead to a further rally towards 0.6250-0.6300. In Tuesday's session, the NZD/USD soared and rose by 0.80% to 0.6150, extending Monday's gains. The pair has been trading in within a range between 0.5980 and 0.
On the daily chart, the Relative Strength Index jumped to 63 while Moving Average Convergence Divergence is showing rising green bars, suggesting increasing bullish momentum. These indicators suggest that the buying pressure is gathering strength and a further rise is possible. NZD/USD daily chart The NZD/USD pair is facing immediate resistance at 0.6200. A consolidation above this level could open the door for a further rally towards 0.6300.
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