NZD/USD Intraday Signal: Watch 0.5982
The NZD/USD Intraday Signal remains constructive as long as price holds above the pivot support at 0.5982. Momentum conditions are moderately positive, with RSI positioned above the neutrality area at 50, supporting continued upside potential. Although the MACD remains positive, it is trading below its signal line, suggesting the possibility of a short-term retracement within the broader bullish structure.
Price action is positioned above both the 20-period and 50-period moving averages at 0.6002 and 0.5989 respectively, reinforcing the supportive trend configuration. As long as 0.5982 acts as support, the upside objective at 0.6054 remains valid.
Trade Setup:
Enter: Long above 0.5982
Stop-Loss (SL): 0.5957
Target A: 0.6025
Target B: 0.6054