Ella 
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NZD/USD extended gains near three-month highs and was trading around 0.6050 during the European session on Tuesday. Selling pressure on the U.S. dollar continued as consensus grew that the Federal Reserve was ending its interest rate hike cycle. Market sentiment currently favors the Fed possibly cutting interest rates in March 2024.
The 14-day RSI is above 50, indicating bullish sentiment for NZD/USD. This could push bulls towards psychological resistance near 0.6100.
On the downside, the 23.6% retracement at 0.6004 may serve as a key support level, followed by the 9-day EMA at 0.5988. A decisive break below the latter may pave the way for the exchange rate to test the 38.2% retracement level of 0.5960, with the important level at 0.5950.
