The New Zealand Dollar edges higher on the day. The NZD/USD pair resumes its upside journey on the daily chart after breaking above the descending trendline on Monday. Furthermore, the pair holds above the key 100-day Exponential Moving Average (EMA), with the bullish 14-day Relative Strength Index (RSI) above the midline near 62.0, supporting buyers for the time being.
A decisive break above the upper boundary of the Bollinger Band at the 0.6100 psychological level could pave the way to 0.6154, the high of July 8. Further north, the next hurdle emerges at 0.6222, the high of June 12.
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