NZDUSD (1H) - short term bullish bias
After a 10-day long consolidation, the kiwi might have made up its mind in continuation of the uptrend. The breach of the key resistance level at 0.6433 suggests buyers' strong commitment and we could see the price rallying towards the daily high of 0.6460. A bullish MA cross would seal the deal as a confirmation of the bullish momentum. For more conservative traders, over-extending RSI may offer an entry opportunity should a pullback happens in the next few hours.
Key support: 0.6416
Key resistance: 0.6460
After a 10-day long consolidation, the kiwi might have made up its mind in continuation of the uptrend. The breach of the key resistance level at 0.6433 suggests buyers' strong commitment and we could see the price rallying towards the daily high of 0.6460. A bullish MA cross would seal the deal as a confirmation of the bullish momentum. For more conservative traders, over-extending RSI may offer an entry opportunity should a pullback happens in the next few hours.
Key support: 0.6416
Key resistance: 0.6460