NZDUSD buyers are trying. 100 day MA looms above.
NZDUSD is extending higher today, though still short of Monday’s highs at 0.5740. The high reached 0.5737.
Technical signals suggest buyers are maintaining control.
- On the 4-hour chart, the pair found support at the 200-bar MA earlier this week, reinforcing bullish interest.
- Today, the higher 100-bar MA at 0.56063 and the 0.5692 – 0.5704 swing area acted as a strong floor, leading to a rebound, with the pair now trading around 0.5730.
As long as NZDUSD holds above the 100-bar MA, the near-term bias remains tilted to the upside. A push higher will bring the 100-day MA at 0.5756 into focus—clearing and holding above this level would strengthen the bullish outlook and signal further upside potential.
