NZDUSD, recoiling for another push higher?
The NZDUSD climbed strongly to test the key resistance level of 0.5940 on Friday as the DXY weakened and markets took profit at the end of a volatile trading week.
Currently, the price has retraced to the 0.5885 price level, the price is likely to consolidate at this level but a further move to the upside can be anticipated.
Look for the NZDUSD to break above 0.5940 to signal a continuation of the uptrend, with the next key resistance level at 0.6020.
Currently, the price has retraced to the 0.5885 price level, the price is likely to consolidate at this level but a further move to the upside can be anticipated.
Look for the NZDUSD to break above 0.5940 to signal a continuation of the uptrend, with the next key resistance level at 0.6020.
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