NZD/USD is growing and testing MA (200) H1

Today, the NZD/USD pair is mainly growing from 0.5700 to 0.5750. There is a steady increase on the hourly chart after the formation of a local minimum in the area of 0.5660. The price broke through the MA (200) H1 moving average (0.5730) from the bottom up, which is a bullish signal. The nearest resistance is in the 0.5755–0.5770 zone, its breakdown will open the way to the next level in the 0.5830 area. The MACD indicator shows an increase in bullish momentum, the histogram continues to increase in the positive zone, which confirms the activity of buyers. However, a short-term correction is possible after reaching the resistance zone. In the case of a pullback, support is located at 0.5720, with its breakdown, the price may return to 0.5660. The overall picture indicates the predominance of an upward movement, but further growth depends on the ability of buyers to overcome the 0.5770 level.

Resistances are at the marks: 0.5755-70, 0.5830, 0.5890

An alternative scenario: 0.5650-60, 0.5585, 0.5515

The main scenario of the pair's movement implies a decline to 0.5650-60 (March 31 and April 1 lows) and then, perhaps, to 0.5585 (Feb 28 low) 

An alternative scenario assumes a breakout of the 0.5755-70 area (March 21 and 26-27 highs) and there may be an increase to 0.5830 (March 18 high)