NZDUSD (1H) - intraday bullish bias
The New Zealand dollar extends its gains against the US dollar after a surge earlier this week. Firm support has been established above the psychological level of 0.6500. The pair is rising along the 20-hour and 30-hour moving averages which act as immediate support levels. However, the RSI divergence: higher high in the price but lower high in the indicator can be seen as a heads-up that the bullish momentum has decreased. While the trend is still up, short-term buyers may not be too ambitious about their targets.
Key support: 0.6520
Key resistance: 0.6580
The New Zealand dollar extends its gains against the US dollar after a surge earlier this week. Firm support has been established above the psychological level of 0.6500. The pair is rising along the 20-hour and 30-hour moving averages which act as immediate support levels. However, the RSI divergence: higher high in the price but lower high in the indicator can be seen as a heads-up that the bullish momentum has decreased. While the trend is still up, short-term buyers may not be too ambitious about their targets.
Key support: 0.6520
Key resistance: 0.6580
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.