NZD/USD remains above MA (200) H1

On the hourly chart, the NZD/USD pair is trading around 0.6000 after a recent pullback from the local maximum of 0.6055, achieved against the background of a confident upward momentum. The price remains bullish, as it is located above the moving average of MA (200) H1, passing near the level of 0.5945, which confirms the continuation of the medium-term uptrend. An important short-term support is the 0.5995 level, the retention of which can provoke a new wave of growth in order to retest the resistance of 0.6030, and then 0.6055-60. The MACD indicator has moved into a negative zone, showing a decrease in bullish momentum and a possible correction, but the structure remains stable as long as the price remains above 0.5945. A breakdown of this support may change the current picture and cause a decline to 0.5925. As long as trading remains above the average, a pullback to the supports is perceived as a buying opportunity to continue the trend.

Resistances are at the marks:0.6030, 0.6055-60, 0.6085

An alternative scenario: 0.5990, 0.5945, 0.5925

The main scenario of the pair's movement implies a breakout of the resistance of 0.6030 (May 26 high) and there may be an increase to the session high of 1.6055-60 (October 22’ 2024 high) 

An alternative scenario suggests a breakout of the session low of 0.5990 and there may be a decline to 0.5945 (May 30 low)