FX.co ★ osenger | NZD/USD

NZD/USD Н4 Currently, the pair quotes are trading below the level of 0.5967, while being above the moving average which essentially supports the quotes at the moment. It turns out that there is a possibility to overcome the resistance, and if it manages to consolidate above this level, the northern direction will continue. The target of such a direction could well be the resistance at the level of 0.6008, and then we will see. However, a rebound from the resistance now and a move below the moving average would indicate the possibility of the pair moving south, in which case it could head towards the support at the level of 0.5920.