NZDUSD runs higher but the stretch higher runs into swing area resistance

The NZDUSD is trading higher by around 0.50% on the day at 0.5919, with buyers maintaining the upper hand after the pair shifted its short-term technical bias to the upside late last week. On Friday, the price moved back above both its 100-hour moving average at 0.5872 and 200-hour moving average at 0.58757. Reclaiming those key moving averages tilted the short-term bias in favor of the buyers and…