#NZD
*NZD/USD Breaks Key Resistance, Targets 0.5949*
NZD/USD is trading at 0.59384 on the 5-minute chart after breaking above a tight consolidation zone.
The pair bounced from the 0.5928 demand area and pushed through resistance at 0.5934. With buyers stepping in, price is now holding above the breakout level. The chart projection shows a potential move toward 0.5949 if momentum continues.
*Key levels to watch:*
- *Support*: 0.5930-0.5934, with stronger support at 0.5928-0.5930
- *Target*: 0.5949 on a sustained move higher
The bias stays mildly bullish as long as price holds above 0.5934. A pullback below that could bring the 0.5928 zone back into focus.