NZD/USD Rallies Above 0.6200 on PBoC Cut, Chart Pattern; Eyes Further Gains
- NZD/USD extends rally above 0.6200 amid higher risk appetite and weak USD
- Rally follows PBoC rate cut and double bottom pattern on technical chart
- Approaching resistance at 0.6286; support at 0.6172 20-EMA
- RSI in bullish territory indicates active momentum
- Upside targets at 0.6200, 0.6260; downside risk below 0.6129 support