
“The New Zealand Dollar against the US Dollar (NZDUSD) surged in recent intraday trading, breaking above the key 0.5750 resistance level, which had served as our previous price target. The advance is supported by bullish signals from the Relative Strength Index (RSI), which had recently emerged from deeply oversold territory, along with positive dynamic pressure as price action remains above the 50-period simple moving average. All of this unfolds within the context of a short-term bullish corrective wave.”
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