AUD/USD and NZD/USD show bullish price action, while USD/JPY exhibits negative price action due to bearish pressure on the US Dollar Index.
The 4-hour chart for NZD/USD shows that the pair is forming strong bullish price action. It has found solid support at 0.5850 and has started a positive move toward the 0.6090 level. A break above 0.6090 could trigger a strong rally in NZD/USD. The continued bearish pressure on the US Dollar Index is supporting this upward momentum and is likely to push the pair higher.
