NZDUSD H1

The US Dollar (USD) takes a brief pause and consolidates its strong recovery gains registered over the past two days, which, in turn, is seen lending some support to the NZD/USD pair. Declining US Treasury bond yields, along with a generally positive risk tone, keep a lid on the safe-haven buck. Traders, however, seem reluctant to place aggressive bets and prefer to wait for fresh cues about the Federal Reserve's (Fed) future rate-hike path.

In H1 chart the first target is 0.5955, and the second target is 0.5980.