NZD/USD remains within the sideways range

On the hourly chart, the NZD/USD pair is trading around 0.6025, remaining within the sideways range limited by the support levels of 0.6009 and resistance of 0.6040. Attempts to grow above 0.6040 in recent days have not been successful, which indicates the presence of a strong supply in this zone. The MA (200) H1 moving average is located just above the current price and acts as a dynamic resistance. The MACD indicator shows a decline with negative histogram values, which signals an increasing bearish momentum. If the support level of 0.6010 breaks, we can expect an acceleration of the decline with a possible move to the lows formed earlier. In the case of a recovery above 0.6040 and consolidation above the moving average, we can consider a scenario of a return to the upper limit of the range around 0.6090. In general, as long as the price is below the 200-period moving average and the MACD histogram indicates weakness, the short-term advantage remains on the sellers' side.

Resistances are at the marks: 0.6040, 0.6090, 0.6120

An alternative scenario: 0.6010, 0.5985, 0.5945

The main scenario of the pair's movement implies a breakout of the session high of 0.6040 and there may be an increase to 0.6090 (June 16 high) 

An alternative scenario assumes a breakout of the session low of 0.6010 (June 17 low) and there may be a decline to 0.5985-95 (June 3-4 and 13 low)