The daily RSI for the NZD/USD reveals strong buying momentum, underpinned by rising MACD green bars.
Despite slightly weakening green bars on the hourly MACD, the RSI indicates steadfast buying traction near 70.
If buyers regain the 200-day SMA, the outlook will turn positive for the pair.
The NZD/USD pair is showcasing a strong performance, rising to 0.6032 on Thursday. Despite this, an observed stagnation in hourly advances warrants attention for any short-term shift as indicators reach overbought conditions and buyers might take profits.