NZD/USD Uptrend: Bullish Momentum Strengthens with Key Support L

As of January 29, 2025, the NZD/USD currency pair is exhibiting signs of an uptrend. The pair has been trading above the key 0.5700 level, indicating bullish momentum. Technical indicators, such as the Relative Strength Index (RSI), have climbed sharply to 63, firmly in positive territory, suggesting healthy upward momentum and room for further gains. Additionally, the Moving Average Convergence Divergence (MACD) histogram shows flat green bars, indicating sustained buying pressure.