NZD/USD remains above MA (200) H1

There is a steady uptrend on the NZD/USD hourly chart today. The price remains above the MA (200) H1 moving average (0.5925), which has a pronounced upward slope, confirming the strength of the bullish momentum. After confidently breaking through the 0.5830 resistance level and consolidating above it, the price continued to rise, reaching the 0.6030 zone, where it met local resistance and began to adjust.

The MACD indicator shows positive values and begins an upward reversal after a short-term decline, which may indicate a resumption of the upward movement. The histogram is growing, reinforcing the signal of a possible continuation of growth. The nearest support is located around 0.5925, where the moving average also runs, which can act as a dynamic support. As long as the price remains above this area, the priority remains for purchases. The main resistance is the 0.6030 zone. A breakdown and consolidation above may open the way to new highs.

Overall, the trend remains bullish, and the current consolidation is perceived as a respite before a possible new upward momentum.

Resistances are at the marks: 0.6030, 0.6060, 0.6085

An alternative scenario: 0.5925, 0.5830, 0.5630

The main scenario of the pair's movement implies a breakout of the resistance of 0.6030 (April 22 high) and there may be an increase to 0.6060 (Oct 22 high)

The alternative scenario assumes a breakout of 1.5925 (April 18 low, MA (200) H1) and there may be a decline to 0.5830 (April 14 low)