The NZD/USD pair saw a notable rise in price on Wednesday, breaching the 0.5655 level and advancing toward the key resistance at 0.5738. The price settled near this resistance, signaling a potential shift toward a corrective bullish trend.
However, the Relative Strength Index (RSI) has begun to lose its positive momentum, raising the possibility of a price pullback in the short term.
Key Levels to Watch:
- Support: 0.5655
- Resistance: 0.5738
Trend Forecast: Neutral to Bearish (Pending further price action)
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