NZD/USD does not show a pronounced trend

On the hourly chart, the NZD/USD pair is trading in a narrow sideways range with boundaries of 0.6005 and 0.6065, without showing a pronounced trend. Over the past sessions, the price has repeatedly tested both the upper bound and the support, forming accumulation zones. The last upward movement occurred after a rebound from the 0.6005 level, which indicates that there is demand near this support. However, the price has not yet been able to overcome the resistance zone around 0.6065, which limits the growth potential. The MACD indicator is starting to form a positive histogram, which may signal an attempt by the bulls to develop an upward movement, but so far without an obvious impulse. The MA (200) H1 moving average remains below the price, confirming a moderately bullish bias. However, the lack of a clear breakdown above 0.6065 with confirmation limits the growth continuation scenario. As long as the price remains in the range, trading within its boundaries with short targets remains the preferred strategy.

Resistances are at the marks: 0.6065-80, 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 1.6065-80 (June 5 and 9 highs) and there may be an increase to 0.6110 (October 15’ 2024 high) 

An alternative scenario suggests a breakout of the session low of 0.6005 (June 6 low) and a possible decline to 0.5985 (June 3 low)