NZD/USD technical analysis
On the daily chart, the Relative Strength Index (RSI) recently turned neutral to positive, increasing from negative territory over the last few days. This suggests an uptick in buying activity as buyers regained some control from sellers. However, the RSI remains within positive territory indicating the market could still fluctuate from balanced to buyer-dominated conditions. The Moving Average Convergence Divergence (MACD) also suggests that the buyers are in command with its rising green bars.
The broader upward trend (evidenced by the pair being above the 20, 100, and 200-day Simple Moving Averages) further supports the bullish signals from the RSI and MACD
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