๐ฑ NZDUSD - Preparing for a resistance breakthrough
The NZDUSD is breaking through the D1 resistance at 0.60840 and feels quite confident. Consolidation is forming, which could send the price to 0.61600
TA on the high timeframe:
1) Support at 0.60841 has been broken and price has entered a new range. The medium-term target is 0.63000
2) Breakout of the nearest liquidity area will form a strong momentum
TA on the low timeframe:
1) A pre-break consolidation near the 0.60990 level will form. The next retest could break resistance
2) Price is forming an uptrend and this might lead to the break-up of the resistance and rise to 0.61150, 0.61500.
Key resistance 0.60990
Key support 0.60850
TA on the high timeframe:
1) Support at 0.60841 has been broken and price has entered a new range. The medium-term target is 0.63000
2) Breakout of the nearest liquidity area will form a strong momentum
TA on the low timeframe:
1) A pre-break consolidation near the 0.60990 level will form. The next retest could break resistance
2) Price is forming an uptrend and this might lead to the break-up of the resistance and rise to 0.61150, 0.61500.
Key resistance 0.60990
Key support 0.60850
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