However, the 100-day EMA precedes the 200-day EMA to restrict immediate upside of the Kiwi pair near 0.6240 and 0.6265 in that order.
Should the quote manages to remain firmer past 0.6265, the odds of witnessing a quickly run-up towards the 0.6300 threshold appears bright.
Following that, the mid-February swing high, close to 0.6390, holds the key to the NZD/USD bull’s further dominance towards poking February’s high near 0.6540.
Alternatively, a downside break of the resistance-turned-support near 0.6175 could lure the NZD/USD bears. Though, a sustained break of the horizontal area comprising multiple lows marked since November, near 0. 6090-80, will be necessary to push back the buyers.
Overall, NZD/USD is likely to rise further but the EMAs hold the gate for bulls.
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