紐元 / 美元
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NZDUSD, recoiling for another push higher?

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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.

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