NZD/USD Price Analysis: Extends gains towards psychological resistance at 0.6200

NZD/USD appears to test the quick boundary at the 0.6200 level.
Specialized examination demonstrates a force move in an upward heading.
The match seem discover a bolster locale around the major level of 0.6150 and the nine-day EMA at 0.6137.
NZD/USD proceeds to amplify its winning streak that started on February 14 on the repressed US Dollar, which can be chalked up to the lower US Treasury yields. The NZD/USD match rises to approach 0.6190 amid the Asian exchanging hours on Wednesday.

The NZD/USD match may experience prompt resistance close the mental limit of 0.6200. A conclusive breakthrough over this mental boundary may give upward force, possibly driving the combine to investigate levels around the 50.0% retracement level of 0.6229, taken after by mental resistance at 0.6250.


Specialized examination shows a move in energy towards the upside. The Moving Normal Joining Disparity (MACD) line, situated underneath the centerline, shows disparity over the flag line. Dealers are likely to anticipate affirmation from the MACD for a clear directional drift. Additionally, the 14-day Relative Quality List (RSI), a slacking marker, is over the 50 level, demonstrating a bullish opinion for the NZD/USD match.

On the drawback, prompt back for the NZD/USD combine is expected at the key level of 0.6150. A breach underneath this level may apply descending weight on the match, possibly testing the nine-day Exponential Moving Normal (EMA) at 0.6137 some time recently drawing nearer the mental back level of 0.6100.

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