NZD/USD remains above MA (200) H1

On the hourly chart, the NZD/USD pair is holding above the MA (200) H1 moving average, which indicates the continuation of the uptrend. After a short-term correction from the 0.6055 level, the pair stabilized above the 0.5990 support and is now trading near the 0.6015 mark. Resistance at 0.6030 remains the closest benchmark for buyers, and its breakdown may reopen the way to the recent high of 0.6055. The MACD indicator shows a recovery in positive dynamics: the histogram has re-entered the zone above zero, which indicates a gradual strengthening of the bullish momentum. The overall technical picture favors buyers, but a consolidation above 0.6030 is needed to confirm further growth.

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 (Oct 22’ 2024 high) 

An alternative scenario suggests a breakout of the support 0.5990 (June 3 low) and a possible decline to 0.5945 (May 30 low)