NZD/USD Intraday Signal: Upside Prevails Above 0.5754
Analysis:
NZD/USD maintains a bullish intraday structure as long as price holds above the pivot support at 0.5754. Buyers remain in control, targeting 0.5785 initially and the main upside objective at 0.5805. Price action continues to respect higher supports, reinforcing the upward bias.
Momentum indicators clearly support the bullish scenario. The RSI is above its neutral 50 level, while the MACD is above its signal line and positive, confirming a constructive configuration. In addition, price trades above both the 20- and 50-period moving averages, strengthening the case for continued upside.
Alternatively, a break below 0.5754 would weaken the bullish setup and expose downside levels at 0.5735 and 0.5725, where demand may re-emerge.
Trade Setup:
Enter: Long above 0.5754
Stop-Loss (SL): 0.5735
Target A: 0.5785
Target B: 0.5805