NZD/USD Intraday Signal: Upside Potential While 0.5663 Holds
NZD/USD maintains a bullish intraday structure as long as the pair holds above the pivot support at 0.5663. Buyers are defending this level, targeting the next upside zone at 0.5709. The overall tone remains positive, supported by higher lows and a constructive alignment above short-term moving averages — with the 20-period at 0.5675 and the 50-period at 0.5637.
The RSI remains above 50, confirming ongoing buying momentum. However, the MACD, while still positive, sits below its signal line, suggesting that short-term consolidation or minor retracement may occur before renewed upside. A breakout above 0.5690 would confirm continuation toward 0.5709.
Alternatively, a move below 0.5663 would weaken the bullish bias and expose supports at 0.5648 and 0.5640 before potential demand returns.
Trade Setup:
Enter: Long above 0.5663
Stop-Loss (SL): 0.5648
Target A: 0.5690
Target B: 0.5709
