It is holding above 0.6200 near the 14-day EMA support

• NZD/USD could test the nine-day EMA at 0.6210, followed by the seven-month high of 0.6247.
• The 14-day RSI remains above the 50 level, confirming a persistent uptrend.
• Immediate support appears around the psychological level of 0.6200, aligned with the 14-day EMA at 0.6190.

NZD/USD is retracing recent gains, trading around 0.6210 during Asian hours on Friday. On the daily chart, the pair is crossing above the lower boundary of the ascending channel, which supports a bullish outlook. A move below the lower bound could dampen bullish sentiment.

The 14-day Relative Strength Index (RSI) remains above the 50 level, signaling a persistent uptrend. Additionally, the nine-day exponential moving average (EMA) is above the 14-day EMA, indicating that the NZD/USD pair is experiencing near-term upward momentum and is expected to continue its rise.

On the other hand, the NZD/USD pair faces immediate resistance near the nine-day EMA at 0.6210, with additional resistance at the seven-month high of 0.6247 recorded on 21 August. A break above this level could lead the pair to the upper limit. of the ascending channel, around 0.6350.

For support, the NZD/USD pair may test the 14-day EMA at 0.6190, which aligns with the lower boundary of the ascending channel. A break below this level could dampen the uptrend and lead the pair towards the psychological level of 0.6100.

NZD/USD: Daily chart