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(NZDUSD) gets ready to attack key resistance -Analysis-07-05-2025
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(NZDUSD) gets ready to attack key resistance -Analysis-07-05-2025
May 25, 2025 7:35 PM

The (NZDUSD)price settled on a rise in its recent intraday trading, to get ready to attack the critical resistance at 0.6020, amid the dominance of the main bullish trend on the short-term basis and its trading alongside bias line, with the continuation of the positive pressure due to its trading above EMA50.

On the other hand, we notice the beginning of negative overlapping signals appearance on the (RSI), after reaching exaggerated overbought levels compared to the price move, to suggest forming a negative divergence, which might decelerate the price upside movement.

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