NZD/USD Tests 0.6000 Resistance After Strong Support Bounce

NZD/USD has rallied 0.8% to approach the critical 0.6000 psychological level after bouncing strongly from support at 0.5920. The kiwi dollar's recovery follows a successful test of the 200-day moving average, which has acted as a solid floor for the pair. Technical momentum indicators, including RSI moving above 50 and MACD turning positive, suggest building bullish pressure. The bounce coincides with improved risk sentiment in Asian markets and a softer US dollar ahead of key US inflation data. Immediate resistance sits at 0.6000-0.6020, representing the confluence of psychological level and previous swing highs. A sustained break above this zone could open the path toward 0.6080. However, failure to clear resistance may see the pair retreat to test 0.5950 support. Traders are closely watching upcoming RBNZ commentary for additional directional cues.