NZDUSD: Buyers in control, BUT a warning sign lingers ...Middle East

The rising 100-hour MA at 0.6037

The 200-hour MA at 0.6015

Despite the bullish structure, the recent series of lower highs is flashing a caution signal. For upside momentum to continue, bulls will need to break above those lower highs at 0.6040, 0.6064 and then the high from last week and highest level going back to October 2024 at 0.60794.

A break above resistance would invite fresh upside interest.

? Keep your eyes on price behavior near the highs—this could be the next launching point… or a sign of exhaustion.

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

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