NZDUSD trades above and below 0.6000 ...Middle East

The NZDUSD has moved lower this week, and in the process moved below a swing area between 0.6031 and 0.60387. That swing area was retested yesterday on a corrective move higher and found willing sellers.On the downside, the low price reached earlier today stalled at 0.5986. That was just short of the high of a lower swing area target between 0.5970 and 0.59836.As we head toward the end of the trading week, those two swing areas will be the close-bias defining levels today and going into the new week. Continue the downside momentum and break below 0.5970, and sellers add to their control. Targets would be at 0.5912. The low price from August reached down to 0.58488.Move above 0.60387, and the

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Last updated : 25 October 2024 clock 06:37 PM

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NZDUSD trades above and below 0.6000 ...Middle East

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