The (NZDUSD) price declined in its last intraday trading, due to the stability of the critical resistance level at 0.5755, attempting to gain bullish momentum that might help it to breach this resistance, affected by breaching main bearish trendline on the short-term basis, leaning on the support of its EMA50, besides the relative strength indicators reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence that intensifies the bullish momentum on the pair, especially with the emergence of positive crossover.
Origin: Economies
