The NZD/USD pair extended its gains for a third consecutive session, approaching the 0.5900 level. Technical indicators present a mixed outlook. The Moving Average Convergence Divergence (MACD) indicates a bullish signal, while the Relative Strength Index (RSI) approaches overbought territory. Key moving averages continue to support the upward trend. Despite the positive bias, momentum indicators such as the Awesome Oscillator and Average Directional Index (ADX) suggest a lack of strong conviction in the current uptrend. However, the alignment of the 20, 100, and 200-day Simple Moving Averages (SMAs), alongside the 10-day Exponential Moving Average (EMA) and SMA, provides a supportive foundation for potential further gains.
