NZD/USD Intraday Signal: Upside Momentum Prevails Above 0.5623
The NZD/USD pair maintains a bullish intraday tone as long as price action stays above the pivot level at 0.5623. Buyers remain in control, targeting the next resistance levels at 0.5650 and 0.5664. The market continues to build higher lows, reflecting solid demand and a well-established short-term uptrend structure.
Momentum indicators confirm this positive bias — the RSI remains above the 50 level, showing sustained buying pressure, while the MACD stays positive and above its signal line. Moreover, price trades above both the 20- and 50-period moving averages (0.5631 and 0.5625), reinforcing the bullish technical alignment. A breakout above 0.5650 could accelerate the move toward 0.5664.
Alternatively, a decline below 0.5623 would weaken the current bullish structure, exposing support levels at 0.5609 and 0.5600 before buyers likely re-enter.
Trade Setup:
Enter: Long above 0.5623
Stop-Loss (SL): 0.5609
Target A: 0.5650
Target B: 0.5664
