NZDUSD price is approaching critical resistance at 0.5965
Positive signals on RSI indicate potential decline in bullish momentum
Trading below EMA50 and in a bearish correctional trend on short-term basis
The (NZDUSD) price rose strongly in its last intraday trading, approaching from retesting the critical resistance at 0.5965, supported by the emergence of the positive signals on the (RSI), to notice reaching overbought levels, which indicates the decline of the bullish momentum, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the bearish correctional trend on the short-term basis and its trading alongside a bias line.
