NZD/USD remains above MA (200) H1

On the hourly chart, the NZD/USD pair continues its upward movement, holding above the MA (200) H1 moving average, which indicates the continued advantage of buyers. After a local correction around 0.6010, the price resumed growth and reached 0.6050, trying to approach the recent high at 0.6080, which now acts as a key resistance. A steady foothold above it can open the way to new heights. At the same time, the 0.6005 level near the 200 SMA plays the role of the nearest support: its breakdown can increase the corrective pressure and send the price to the next support zone at 0.5985. The MACD confirms the bullish mood: the histogram has entered a positive zone and shows an increase in the upward momentum, which indicates the activation of buyers. The overall picture is favorable for continued growth, provided it remains above 0.6005, while its breakdown will make the structure vulnerable to a deepening pullback.

Resistances are at the marks: 0.6080, 0.6110, 0.6150

An alternative scenario: 0.6005, 0.5985, 0.5945

The main scenario of the pair's movement implies a breakout of 1.6080 (June 5 high) and there may be an increase to 0.6110 (Oct 15’ 2024 high) 

An alternative scenario assumes a breakout of 0.6005 (June 6 low, MA (200) H1) and there may be a decline to 0.5985 (June 3 low)