NZDUSD Forex Analysis - Rally Back Towards 0.5985 Monthly Resistance

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the NZDUSD daily and 15-minute charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the NZDUSD daily and 15-minute charts.

Price is rallying back towards the 0.5985 monthly resistance level.

Watching for price to rally and fail at the 0.5985 monthly resistance level for a further decline targeting the 0.5896 daily support level.

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Technical Outlook on USD/JPY, NZD/USD, GOLD

Technical Outlook on USD/JPY, NZD/USD, GOLD

USD/JPY jumps to 160 as rate hike bets strengthen and US-Iran military attacks resume. NZD/USD tests key support as RBNZ expected to increase rates again. Gold gives up gains as geopolitical risks and Fed rate hike outlook favor the dollar.
XM Group | 9 days ago