The NZD/USD pair surged by 0.61% on Friday's session, continuing the recovery from last week's lows and reaching 0.5930.
Friday's session saw NZD/USD rally 0.61% to trade around 0.5930. Price action shows recent gains and a recovery to the 20-day SMA, indicating potential for a reversal. Indicators look promising and approaching positive areas so the pair may see further upside. The NZD/USD pair surged by 0.61% on Friday's session, continuing the recovery from last week's lows and reaching 0.5930. Thepair has resumed its upward trajectory, fueled by positive technical indicators.
The Relative Strength Index has moved near positive territory at around 49, signaling increasing buying pressure and bullish sentiment. Moreover, the Moving Average Convergence Divergence indicator displays a rising green histogram, further confirming the bullish momentum. The Kiwi's pair's recent rally has seen it conquer the 20-day Simple Moving Average of 0.5905, signaling potential for a bullish reversal.
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