Hello dear friends!
So, it appears that our expectations of a lower NZD yesterday did not materialize as it traded within the range of 0.5895/0.5920. There are signs of upward momentum forming, albeit in an exploratory manner. Today, as long as the NZD remains above 0.5895 (with minor support at 0.5910), it could strengthen but breaking through the key resistance level at 0.5960 may prove difficult.
So, it appears that our expectations of a lower NZD yesterday did not materialize as it traded within the range of 0.5895/0.5920. There are signs of upward momentum forming, albeit in an exploratory manner. Today, as long as the NZD remains above 0.5895 (with minor support at 0.5910), it could strengthen but breaking through the key resistance level at 0.5960 may prove difficult.
