The NZDUSD is trading with a bullish tilt after bouncing from its 100-hour moving average, which successfully stalled declines both on Friday and earlier today. That MA, currently near 0.5938, acted as a technical floor, helping buyers regain control. The price ultimately moved above its 200 hour moving average at 0.59515 and found more buyers and more momentum.

The upside momentum has pushed price back toward the familiar resistance zone around 0.6000, a key swing area that has capped the pair multiple times over the past two weeks (see red numbered circles). A break above this zone would open the door to more upside potential with the high from April the next obvious target at 0.60281.

Move above that level and the price is trading at the highest level since November when the price high reached 0.6037. That level is also near the 61.8% retracement of the move down from the 2024 high to the 2025 low. That little comes in a 0.60364

For now, the bias remains tilted to the upside as long as price holds above the 200-hour MA. A move below it would weaken that bias and shift focus back toward the downside

Key technical levels:

• Resistance: 0.6000 swing area (multi-day ceiling). 0.6028 (high for 2025). 0.6036 – 0.6037 (61.8% retracement and high from November 2024.

• Support: 0.5951 (200 hour moving average), 0.5939 (100-hour MA)