NZD/USD Price Prediction and Technical Analysis Insights

Monday, 23 September 2024, 05:50

NZD/USD has shown a strong recovery, breaking back above the range high at 0.6248. This technical analysis indicates a potential rally towards the September 3 high of 0.6303. Continued bullish momentum may suggest further upward movement for traders to capitalize on.
Fxstreet
NZD/USD Price Prediction and Technical Analysis Insights

NZD/USD Price Updates

In recent trading, NZD/USD has regained ground after a brief pullback, surpassing the critical range level of 0.6248.

Current Technical Outlook

The break above the range high signals a potential upside as traders assess future price levels.

  • Previous September low was at 0.6170.
  • Recent high recorded at 0.6303.

Market Implications

With its current upward trajectory, NZD/USD might challenge significant hurdles at previous resistance levels.
Monitoring price action around these levels is essential for effective trading strategies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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