NZD/USD is expected to trade with a bullish bias as the pair is expected to prevails upside. Technically, the pair is still in a bullish trend, and is now challenging its nearest resistance at 0.6435. The 20-period and 50-period MAs are heading upward, which should confirm a positive outlook. Besides, the intraday RSI is well directed above its neutrality area of 50. In which case, as long as 0.6435 (a strong support base) is not broken, look for further advance to 0.6560 & 0.6585 in extension.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6560 and the second target at 0.6585. In the alternative scenario, short positions are recommended with the first target at 0.64 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6350. The pivot point is at 0.6435.

Resistance levels: 0.6560 0.6585 0.6635 Support levels: 0.64 0.6350 0.6320