The NZDUSD is pushing toward the top of a key swing area, testing resistance near 0.6000, which sits just below the 2024 high. This marks the 11th test of this zone, and the pair continues to find sellers on approaches, keeping the ceiling well-defined. Nevertheless, a break above would target the high from 2025 at 0.60281.
The move to the upside was helped over the last few days by support holding.
While momentum has carried the pair back to recent highs, the area between 0.5994 and 0.6000 remains a stubborn barrier. A break above this zone would likely trigger stops and open the door toward a retest of the 2024 high near 0.6028.
On the downside, watch for support at:
0.5960–0.5950 (near short-term swing lows),
Followed by the 100-hour MA and trend line support near 0.5920.
Key technical levels:
Resistance: 0.6000 (high of swing area), 0.6028 (2024 high)
Support: 0.5979 (low of swing area) then 0.5949 – 0.5953 (cluster of moving averages including 100 hour, 100 bar on the 4 hour chart, and 200 hour moving averages)
Bias: Bullish above moving averages a breakout above 0.6000 and the high for the year strengthens the upside case
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about nzdusd tests key swing area resistance as buyers push higher after ma support at lows was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( NZDUSD tests key swing area resistance as buyers push higher after MA support at lows )
Also on site :
- 11 Colorado schools receive threats, several on lockdown
- Aurora man arrested on suspicion of starting massive Leetsdale Drive fire
- Indiana Toll Road shut down after pileup crash involving around 29 vehicles