The NZDUSD continues to draw strong support from the 200-bar moving average on the 4-hour chart, currently at 0.5707. Today marked the fourth successful test of this key level (see lower green line on the chart above), with buyers stepping in once again to halt the downside. Each bounce reinforces the technical importance of this moving average, making it a critical reference point for traders. It’s a level worth remembering if price rotates lower again—any future break could carry added weight given its recent reliability.

The rebound from that support level helped lift NZDUSD back above the 100-day moving average, now near 0.5736, which shifts into key close support. Holding above this level keeps the bullish bias intact and suggests that buyers are attempting to regain short-term control.

That said, upside momentum remains tentative until the pair can break through the 100- and 200-hour moving averages, clustered between 0.5749 and 0.5758. A clean move above this resistance zone would open the path toward 0.5771 (the February 21 swing high) and possibly higher. Until then, traders will be watching closely to see if the pair can hold above 0.5735, with the moving average confluence below continuing to act as a key battleground for directional control.