NZDUSD continues the rebound started on Monday and extends above an old ceiling.What next? ...Middle East

Conversely if the break fails, I would expect the rotation back down toward 0.5669 and then potentially the 200 hour moving average and 0.5647. Yesterday the price moved up to that moving average and consolidated around into the close and early Asian session before taking a another run to the upside.

Buyers in control. Can they keep the firm control and make a run at the 2025 highs (and beyond)?

This article was written by Greg Michalowski at www.forexlive.com.

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