A reversal on the cards for the NZDUSD?
Overnight, the NZDUSD continued with the uptrend to climb steadily toward the key resistance level of 0.5950.
With no major news events today, look for the development of price action at this resistance level to signal the next directional bias. A brief reversal back down toward the 0.5850 price level could be required before further upside.
Alternatively, look for the NZDUSD to break above 0.5960 to signal a continuation of the uptrend, with the next key resistance level at 0.6080.
With no major news events today, look for the development of price action at this resistance level to signal the next directional bias. A brief reversal back down toward the 0.5850 price level could be required before further upside.
Alternatively, look for the NZDUSD to break above 0.5960 to signal a continuation of the uptrend, with the next key resistance level at 0.6080.