币界网报道：After yesterday's decline, NZDUSD found solid support around the 0.5882 to 0.5892 range, which has served as a key pivot point since early May. The bounce from this area resulted in a higher daily close, a positive technical development that shifts momentum back to the buy side. Follow-through buying was constructive today, with the pair breaching several key technical levels, including the 50% midpoint of the recent decline, as well as the 100 and 200 hour moving averages (blue and green lines). This rise has pushed the pair up to the 0.6040 level, but more importantly, the pullback during the US session found support at the 200 hour moving average, currently trading at 0.60104. This successful retest strengthens the technical significance of the 200 hour moving average and maintains a bullish bias as long as prices remain above it. Looking ahead, the next upside target is located near Thursday's high at 0.60558, followed by swing resistance at 0.6064. Beyond this, the early June highs have formed a resistance zone between 0.60788 and 0.60868, where the pair has stalled three times. As long as the price remains above the 200 SMA, bulls remain in control and upside levels remain the focus. However, if the price retreats below this moving average, it will weaken the rally structure and reintroduce downside risks, with targets at the 38.2% retracement of 0.59948, followed by the 50% retracement of the 100 SMA (0.59824) or even below it (0.59664).