Ella 
NZD/USD fell slightly on Monday, falling to the 0.6000 level. The market pattern appears to be dominated by bullish swings, indicating the increasing dominance of bulls. Nonetheless, NZD/USD is likely to maintain its bearish trend as it tests the key simple moving average (SMA) and a change in investor sentiment points to the need for further validation of the bulls’ power.
The daily chart shows that the Relative Strength Index is pointing towards positive territory, indicating that bulls are starting to take control. The Relative Strength Index has gradually increased to 56 from a low of 38, indicating that bullish momentum is dominant. The Moving Average Convergence and Divergence indicator (MACD) further confirms this bullish sentiment, with rising green bars indicating good bullish momentum.
