NZDUSD is moving higher after hitting our projected target (Analysis – 12-01-2026).

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NZDUSD rose in its latest intraday session after holding above the 0.5710 support level, which aligned with our projected target from the previous analysis. The pair is attempting to recoup part of its earlier losses while easing oversold conditions on the relative strength indicators, particularly as positive signals begin to emerge. This move comes despite continued downside pressure from trading below the EMA50 and within a short-term bearish corrective wave, with prices still moving along a supporting trend line for this trend.

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