FX.co ★ osenger | NZD/USD

Sellers in the NZDUSD pair were not able to implement their plan for a reversal and decline. After a pullback downwards, the bulls returned to growth, but they are not rushing to return to recent highs yet. As they approach 0.5965, there was some minor activity from sellers. If they manage to hold below 0.5950, then the decline could continue towards 0.5935 and 0.5920 - where a rebound and growth are possible again. Holding below 0.5920 could lead to a drop to 0.5890 and 0.5860, but for this plan to materialize, a strengthening US dollar is needed. If they do not stop at 0.5860, then the NZDUSD price could be directed towards 0.5830-0.5815. Since the US dollar is not in a hurry to rise, the realistic scenario remains an upward movement towards 0.5965 and 0.5980. A consolidation above 0.5980 could lead to further growth towards 0.6010 and 0.6040.