NZDUSD - Stay high

NZDUSD (1H) - intraday bullish bias

The New Zealand dollar extends its gains against the US dollar after a surge earlier this week. Firm support has been established above the psychological level of 0.6500. The pair is rising along the 20-hour and 30-hour moving averages which act as immediate support levels. However, the RSI divergence: higher high in the price but lower high in the indicator can be seen as a heads-up that the bullish momentum has decreased. While the trend is still up, short-term buyers may not be too ambitious about their targets.

Key support: 0.6520
Key resistance: 0.6580