The NZDUSD pair rose during recent intraday trading, supported by positive signals from the relative strength indicators after reaching deeply oversold levels. The pair also benefited from the firmness of the 0.5700 support level, which had previously been identified as a price target, allowing it to recover part of its earlier losses.

Despite this rebound, downside pressure remains in place as the pair continues to trade below EMA50, reinforcing the dominance of the main short-term bearish trend.