NZD/USD remains above MA (200) H1

The NZD/USD pair is showing a steady uptrend on the hourly chart today. Since April 9, the price has steadily risen above the MA (200) H1 moving average (0.5720) and since then has continued to move upward, consolidating above the resistance level of 0.5830, which now acts as support. The pair is close to the local maximum at 0.5940, which indicates that the bullish momentum continues. The uptrend is confirmed by the structure of the highs and lows, which are constantly rising. The MACD indicator remains in the positive zone, although the histogram shows signs of slowing down the upward momentum, which may indicate the beginning of a correction or consolidation. However, there is no signal for a reversal yet. The nearest support is at 0.5830, and the main support is at MA (200) H1 (0.5720). As long as the price remains above these levels, shopping remains a priority. A breakdown of the 0.5940 level will open the way to new highs.

Resistances are at the marks: 0.5940, 0.5980, 0.6035

An alternative scenario: 0.5830, 0.5720, 0.5625

The main scenario of the pair's movement implies a breakout of the resistance of 0.5940 (April 15 high) and there may be an increase to 0.5980 (Nov 11 high)

An alternative scenario suggests a breakout of 1.5830 (April 14 low), there may be a decline to MA (200) H1 (0.5720)