NZD/USD Price Analysis: Bulls gaining control, closes week above critical resistance

• NZD/USD edged higher and closed above the 20 SMA support around 0.6120.
• With the technical outlook now showing signs of bullishness, the pair tests resistance around the 0.6150 level.

On Friday, the NZD/USD saw gains of 0.40% to 0.6050, as it managed to close above the 20, 100, and 200-day Simple Moving Averages (SMA).

As for the daily technical indicators, the Relative Strength Index (RSI), now at 57, indicates an increase in buying momentum. The Moving Average Convergence Divergence (MACD) continues to register decreasing red bars which could be seen as fading bearish strength.