NZD/USD Intraday Signal: Upside Prevails as Long as 0.5708 Holds as Support
The NZD/USD pair maintains a bullish outlook, holding above the critical support level at 0.5708. Technical indicators suggest that upward momentum remains intact, with the pair trading comfortably above both the 20- and 50-period moving averages (currently at 0.5720 and 0.5710).
The RSI remains above the 50 mark, reflecting sustained buying pressure, while the MACD trades above its signal line in positive territory — both confirming the ongoing bullish sentiment.
As long as the price stays above 0.5708, the pair is expected to continue higher toward 0.5745 and the key target at 0.5762. A breakout beyond this level would reinforce the bullish structure and signal further upside potential.
However, a break below 0.5708 could temporarily weaken the bias, exposing 0.5688 and 0.5677 as the next downside levels.
Enter: Long above 0.5708
Stop-Loss (SL): 0.5688
Target A: 0.5745
Target B: 0.5762
