“NZD/USD Hits Simple Moving Average Resistance | Analysis – 06-01-2026”

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The NZD/USD price rose sharply in its most recent intraday session, supported by positive signals from the Relative Strength Index, which has reached overbought territory—suggesting a potential slowdown in bullish momentum. This move comes amid the dominance of a short-term bearish corrective wave, as price tests the EMA50 resistance, which may hint at a possible shift toward an intraday bullish trend.

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