NZD/USD is testing MA (200) H1

Today, on the hourly chart, the NZD/USD pair is showing an upward movement after a prolonged decline. The price broke through the 0.5625 level and the MA (200) H1 moving average (0.5660), which may indicate the beginning of a bullish impulse or at least a correction. The current quote is near the 0.5710 level, which is the nearest resistance. If the price manages to gain a foothold above this mark, the next target may be the 0.5800 level. The MACD is in the positive zone, the histogram continues to grow, which confirms the presence of an upward momentum. The indicator lines are also pointing upwards, indicating the stability of the current movement. At the same time, the previous consolidation zone around 0.5625 now acts as support, and in the event of a pullback, it may become a point for potential entry into long positions. Overall, the technical picture indicates an increase in consumer activity. A breakdown and consolidation above 0.5710 will pave the way for continued growth, while a return below 0.5625 will weaken the bullish mood and may lead to a decline.

Resistances are at the marks: 0.5710, 0.5800, 0.5855

An alternative scenario: 0.5625, 0.5485 0.5400

The main scenario of the pair's movement implies a breakout of the session low of 0.5710 and there may be a decrease of 0.5400 (April 9 low)

An alternative scenario suggests a breakout of the session high of 1.5710 and there may be an increase to 0.5800 (April 4 low)