NZD/USD maintains an upward trend

On the hourly chart, the NZD/USD pair maintains an upward trend, despite the recent correction from the maximum around 0.6120. The upward movement is supported by the MA (200) H1 moving average, above which the price is still trading, holding above the 0.6065 level. This level acts as a short—term support, and its breakdown downwards may lead to a decline to the 0.6030 zone, and with further pressure, to the next support at 0.6000. At the same time, the nearest resistance remains the area of 0.6095, the breakdown of which will open the way to a retest of the maximum of 0.6120. The MACD indicator shows weak negative dynamics: the histogram is near the zero line, which indicates a decrease in momentum and uncertainty among market participants. In the current conditions, the pair may remain in a sideways range near the moving average until a breakdown of one of the key support or resistance levels occurs, which will determine the further direction of movement.

Resistances are at the marks: 0.6095, 0.6120, 0.6150

An alternative scenario: 0.6030, 0.6000, 0.5960

The main scenario of the pair's movement implies a breakout of the resistance of 0.6095 (July 3 high) and there may be an increase to 0.6120 (July 1 high)

An alternative scenario assumes a breakout of the support 0.6030 (July 3 low) and there may be a decline to 0.6000 (June 25 low)