NZD/USD extends its gains for the third successive session, trading around 0.5840 during the European hours on Thursday. The daily chart’s technical analysis shows that short-term price momentum has strengthened as the pair trades above the nine-day Exponential Moving Average (EMA). On the upside, the NZD/USD pair may target the 50-day EMA at 0.5891. The NZD/USD pair could find its initial support at the nine-day EMA of 0.5824. A break below this level would weaken the short-term price momentum and prompt the pair to test the downward trendline around 0.5730.