Dollar New Zealand / Dollar ASPembelian
NZD/USD: Watch for Key Levels as Uptrend Faces Resistance
NZD/USD is in a strong uptrend but is currently slightly overbought. The NZD/USD pair could potentially rise again within the 0.6219 to 0.6255 range, as the risk-to-reward ratio favors the upside in this range. If the price indeed turns higher, it might reach this morning's high of 0.6297, followed by 0.6340. However, a drop below 0.6219 could trigger profit-taking, driving the price down to 0.6192.
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This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
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