Similar to AUDUSD, NZD also managed to pull of a remarkable recovery within a span of few weeks. However, it's not out of trouble. In the daily chart, it's way below the 100D EMA despite the recent gains which indicate the trend is still bearish.
So, the best area to sell NZDUSD, in my opinion, is 0.6100-0.6240.
0.62 was a very strongly Support previous which can now act as strong resistance to limit any upside.
So, the best area to sell NZDUSD, in my opinion, is 0.6100-0.6240.
0.62 was a very strongly Support previous which can now act as strong resistance to limit any upside.
