NZDUSD is up today as “risky” flows = Buy NZDUSD (at least today).
Technically, the price moved back above the 100-day moving average at 0.6088 and then 50% down from the December 2023 high at 0.6109. These levels are now near risk levels for buyers. Staying on top puts buyers in control. It would take a move below each of these levels to bring the bias back to the downside (and disappoint buyers on breakouts higher).
Buyers play a role. How high can they now take the pair?
NZDUSD is trading above the 100-day MA and 50% retracement
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