The NZD/USD climbed by 0.31% to 0.5910 in Tuesday's session, continuing its recovery as buyers gained further ground and pushed back the sellers' attempts.
NZD/USD gained further ground around 0.5900. Buyers gained further ground and pushed back the sellers’ attempts as indicators continue in recovery mode. The pair might continue to gain ground as it moves closer to its 20-day SMA at 0.5960. The NZD/USD climbed by 0.31% to 0.5910 in Tuesday's session, continuing its recovery as buyers gained further ground and pushed back the sellers' attempts.
The RSI's rise to 43 with its sharp upward slope suggests increasing buying pressure in the negative area and a potential recovery in bullish momentum. Additionally, the MACD's decreasing red histogram indicates a loss of bearish momentum. These mixed signals suggest a potential shift in market sentiment from bearish to bullish. The NZD/USD pair's recovery continues as buyers regain control and push back sellers.
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