• The dollar of New Zealand extends profits from the American dollar, increasing by about 1% during the day.
• Immediate resistance at 0.6080; Holding the break can pave the path to the psychological test of the 0.6200 sign.
• RSI remains convenient above the neutral level, and MacD remains positive, which indicate a place for further profits.

The dollar of New Zealand (NZD) on Monday is editing in relation to the American dollar (USD), reflecting from the Friday inheritance as a broad weakness of the American dollar and alleviating the appetite for the risk of geopolitical raising. Traders cut safe and sound factories among growing signs that Israeli-Iranian tensions may not sponge into a broader conflict, although both sides still signal readiness to retaliate, keeping the markets a bit on the edge.

The NZD/USD pair is close to the highest Friday, in the amount of about 1% during the day, and recently saw how about 0.6072 during the American session. Kiwi also draws support from the stronger than expected Chinese retail data to May, which brightened the perspective of demand, taking into account China’s position as the largest export market in New Zealand.

From a technical point of view, NZD/USD maintains a constructive tone. A wide view of the Daily chart reveals a well -supported upward trend, which has been appearing since mid -April, with the couple consistently printed higher minima and higher ups. The short-term average busyness confirms this stubborn shade, the 21-day EMA is 0.6002, while the 50-day EMA makes up for about 0.5936. The price campaign has repeatedly felt buyers near these animated support, which suggests that buying dips remains a dominant game for now.

In particular, the couple formed something that seems to be a stubborn flag at the end of May, which has been set up since then, giving the script to the script to continue against the region 0.6200 as the next goal.

The shoot signal additionally supports the stubborn prejudice. The relative force indicator (RSI) on the daily chart is just under the sign of 60, signaling a hearty Copides rush without still flashing overcrowded conditions. Similarly, the movable medium convergence indicator (MacD) remains in a positive territory, with its signal line conveniently above zero, which indicates that the stubborn shoots may persist in the near future.

On the other hand, the immediate short-term resistance is marked at 0.6080-marriage, which narrow the progress in recent sessions. A clear break over this barrier can pave the way to a more significant ceiling test of 0.6200. Holded every day, he can open the door to a further rally towards the area of ​​0.6300.

On the other hand, the initial support rests on an EMA 21-day, near 0.6002, with a stronger foundation on an EMA 50-day EMA around 0.5936. The decisive decrease below these levels would undermine the low -term stubborn structure and may cause the couple back towards the lower border of the flag pattern near 0.5850.

In general, as long as NZD/USD lasts above 0.6000, wider prejudices remain to be purchased on dips, but traders will observe a sturdy break above 0.6080 to confirm the fresh shoot.