The 4-hour chart for NZD/USD shows that the pair is consolidating between the 0.5870 and 0.6120 levels. The strong rebound from the long-term support near 0.55, following President Trump’s tariff announcement, has triggered a bullish price action.
Any pullback in NZD/USD due to a strong rebound in the US Dollar Index is likely to find support and may lead to another upward move toward 0.6120.
