There is a moderately downward movement on the NZD/USD

There is a moderate downward movement on the NZD/USD hourly chart today. The price rebounded from the local high around 0.5975 and rose steadily, breaking through the resistance levels of 0.5940, as well as the moving average, which now acts as support. The moving average shows signs of a downward reversal, which confirms the shift of the short-term trend towards the bears. Consolidation below indicates a change in market expectations in favor of further growth. The MACD indicator shows a gradual weakening of the bullish momentum: the histogram decreases after the recent peak, but remains in the positive zone for now. This indicates a possible short-term correction or a consolidation phase before a new move.

Resistances are at the marks: 0.5975, 0.6020-30, 0.6060

An alternative scenario: 0.5915, 0.5895, 0.5830

The main scenario of the pair's movement implies a breakout of the session high of 0.5975 and there may be an increase to 1.6020-30 (April 22 and May 7 high) 

An alternative scenario suggests a breakout of the session low of 0.5915 and a possible decline to 0.5895 (May 1 low)