The NZDUSD and the AUDUSD are both up over 1% on the day. What next?

NZDUSD and AUDUSD both posted strong daily gains, with NZDUSD rising 1.45% and AUDUSD up 1.05%. The article is primarily technical, highlighting that NZDUSD has reclaimed the 50% and 61.8% retracement levels and broken last week’s high at 0.5871, now testing a key resistance band at 0.5881-0.5886. A sustained break above that zone would improve the bullish outlook, while downside support is noted at 0.58705 and 0.58526. AUDUSD moved above the 38.2% retracement at 0.7022, a level that had previously capped rallies multiple times, and traders will watch whether it can hold above that level and extend toward the 100-day moving average at 0.70516. A further breakout would target 0.7071. Overall, the article suggests bullish near-term momentum for both Antipodean currencies versus the US dollar, with technical resistance levels now in focus.