NZD/USD Clears as Bullish Around 0.59163

Research preview

Desk Interpretation NZDUSD is trading near 0.59019 with a directional but not yet free of two-way risk profile; the market is asking whether the latest move has enough acceptance to become continuation. Price is trading below the daily pivot at 0.59021, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 0.58910 / 0.58812 / 0.58721, while the resistance band is 0.59163 / 0.59243 / 0.59080. Daily R1 at 0.59248 and S1 at 0.58786 define the first tactical range. Internal models have flipped from Buy to Strong Buy for NZD/USD. The shift puts upside continuation in focus, with price near 0.59039, the one-day change...