The daily MACD shows a slight positive momentum, despite the overall bearish bias.
The daily RSI indicates that the sellers are dominating, though the indicator's flat trajectory suggests that the bearish momentum may be slowing.
On the hourly chart, the RSI oscillated near the neutral zone, showing inconsistent bearish-bullish signals.
The NZD/USD pair is trading at 0.6013, indicating a drop of 0.26% in Friday's session but will close a winning week. The prolonged downward trend suggests that sellers command the current market. However, the short-term outlook reveals a slight bullish momentum, which could lead to a period of sideways trading in the next sessions.
The daily Relative Strength Index (RSI) resides in negative territory, with a slightly flat slope, indicating sellers dominate this market but seem to be taking a breather. Moreover, the Moving Average Convergence Divergence (MACD) histogram has registered a green bar, pointing to a slight emergence of positive momentum
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