NZD/USD Price Bulls Gain Control and Close Week Above Key Resistance
Friday, 5 July 2024, 21:43
NZD/USD Price Analysis
The NZD/USD pair recorded a 0.40% gain, closing the week at 0.6050, surpassing the key resistance levels.
Moving Averages
- Bulls gain control as the price closes above the 20, 100, and 200-day SMAs.
Market Strength
- Bulls showing dominance
- Positive price momentum indicating bullish sentiment
Conclusion: The NZD/USD pair displays a bullish outlook with the price closing above significant resistance levels, suggesting potential further upside in the market.
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.