AUD/USD and NZD/USD are forming positive price action from their respective support levels, while USD/JPY shows bearish pressure amid US Dollar weakness.
NZD/USD shows the formation of a bullish price structure above the $0.5850 area. This bullish setup suggests the pair will likely continue moving higher. The upward momentum is also supported by weakness in the US Dollar Index. A break above $0.6020 would confirm a move toward higher levels.
