NZD/USD Intraday Signal: Upside Target at 0.5692 While 0.5652 Holds
The NZD/USD pair maintains a bullish intraday structure while trading above the pivot level at 0.5652. Buyers continue to hold control, targeting the next resistance at 0.5692. As long as 0.5652 acts as support, the short-term bias remains positive. Price action shows steady recovery momentum, supported by constructive positioning above both the 20- and 50-period moving averages (0.5664 and 0.5657).
From a technical perspective, the RSI stands above 50, reflecting continued buying strength. Although the MACD remains positive but slightly below its signal line, indicating short-term consolidation risk, overall configuration still favors gradual upside continuation. A break above 0.5680 would confirm renewed strength toward 0.5692.
Alternatively, a move below 0.5652 would weaken the current bias and expose downside levels at 0.5638 and 0.5629 before potential demand returns.
Trade Setup:
Enter: Long above 0.5652
Stop-Loss (SL): 0.5638
Target A: 0.5680
Target B: 0.5692
