FX.co ★ osenger | NZD/USD

Buyers attempted to resume growth in the NZDUSD currency pair, but failed to stay above 0.5875-0.5890 right away. Currently, sellers managed to drop to 0.5860-0.5845, but did not go below 0.5845. If buyers from current levels can establish above 0.5860, then it will be possible to move towards 0.5875 and 0.5890. After consolidating above 0.5890, the growth could continue to 0.5905, 0.5920, and 0.5935 - from here there may be a pullback or a resumption of decline. In case of a successful consolidation above 0.5935, the upward movement could continue to 0.5950, 0.5965, and 0.5980. If sellers still do not give up and manage to establish below 0.5845, then the NZDUSD price could move towards 0.5830, 0.5815, and 0.5800. Consolidation below 0.5800 will open the way for bears to 0.5770, 0.5735, 0.5705, and 0.5675.