• The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance.
• The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure.
• A crossover between the 100 and 200-day SMA might propel the pair upwards.

The NZD/USD traded mostly flat on Friday’s session and failed to hold gain which took it to a high around 0.6260 as it then retreated to 0.6240.

The Relative Strength Index (RSI) is at 61, in positive territory with a flat slope. This indicates a neutral outlook for the pair, as buying pressure is flat. The Moving Average Convergence Divergence (MACD) histogram is red and decreasing, suggesting that selling pressure is declining.