FX.co ★ osenger | NZD/USD

The New Zealand dollar in the currency pair NZDUSD managed to continue rising after the trading session opened. Bulls were able to approach 0.5860, but from there they could well return to a decline. If it is not possible to consolidate above 0.5860, then initially one can expect a decline to 0.5830. In case of successful overcoming of 0.5830, the downward movement can continue towards 0.5800 and 0.5770. If the level of 0.5770 does not stop the bears, then the decline in NZDUSD can continue to 0.5735, 0.5705, and 0.5675. The decline will have to be postponed if buyers of NZDUSD manage to consolidate above 0.5860, in this scenario, the upward movement can rise to 0.5890 and 0.5920. If even the level of 0.5920 does not hold, then a real growth to 0.5950 and 0.5980 will become possible.