NZD/USD buyers advanced and pushed the pair to levels last seen in March at around 0.6148. May’s ANZ business survey will be Tuesday’s highlight on the NZ side. Across the Pacific, markets await GDP, PCE, and Fed Beige book to gather additional data on the US economic health. In the US scope, the Federal Reserve's upcoming Beige Book Report could set the tone for the NZD/USD pair on Wednesday.
NZD/USD technical analysis In the daily analysis, the Relative Strength Index shows a positive trend with the recent RSI readings hovering around the 60 to 70 territory, indicating substantial buying pressure. The slope has risen compared to previous sessions, suggesting an increase in bullish momentum. This positive tendency in the RSI coincides with rising green bars on the Moving Average Convergence Divergence , which points to a continued upward trend.