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28.03.2023 08:10 AM
NZDUSD, H4 | Continue to 1st Resistance?

The momentum of NZD/USD is bullish, with price above a major ascending trend line indicating potential for further bullish momentum. The first support level is at 0.6180, a swing low support, with the second support level at 0.6144 being an overlap support and significant Fibonacci retracement level. The first resistance level at 0.6266 is another strong level being an overlap resistance aligned with the 78.60% Fibonacci retracement. Breaking above this level may trigger a bullish acceleration towards the second resistance level at 0.6388, which is also an overlap resistance. It's important to monitor support and resistance levels, as a break below the first support level or above the first resistance level could trigger a move towards the next support or resistance level.

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Dean Leo,
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