NZD/USD builds bullish momentum ahead of key US data releases

NZD/USD has gained 0.4% to 0.6180, displaying strong bullish signals as traders position ahead of crucial US economic data. The kiwi dollar benefits from improving risk sentiment and commodity price strength, with dairy futures up 1.2% supporting New Zealand's export outlook. Technical indicators show bullish momentum building, with RSI at 58 and MACD crossing above signal line. The pair broke above 0.6150 resistance, now acting as support, with next targets at 0.6200 and 0.6225. Gold's approach to all-time highs and silver's 1.5% gain reflect broader dollar weakness and commodity strength. The upcoming US data gauntlet includes ISM PMIs, ADP employment, and Friday's NFP report, which could accelerate NZD/USD gains if results disappoint. Traders should watch for a sustained break above 0.6200 to confirm bullish continuation toward 0.6250.