Ella 
NZD/USD fell on Tuesday, trading at 0.6005. Market action highlights strong bearish momentum after consecutive losses. The overall trend points to increasing selling pressure, with NZD/USD facing strong resistance at the 0.6040-50 level. This suggests that as bears establish their market dominance, bulls struggle to gain further advantage and the downward trend may continue.
The daily chart shows that the NZD/USD Relative Strength Index is showing a bearish to bullish rebound trend. This trajectory shows bullish sentiment gradually increasing but appears to have leveled off. However, the Moving Average Convergence Divergence (MACD) histogram remains flat, reflecting momentum stabilizing, with neither buyers nor sellers having the upper hand.
