Technical analysis of NZD/USD 06/06/2024

The NZD/USD currency pair is at (1D) at the point of transition from an upward correction to an uptrend.

The pair is testing the resistance area 0.6200 (61.8% Fibo).

If the price consolidates above the level of 0.6200, then technically this will mean the transition of an upward correction into an uptrend with a target of 0.6370 (high 2023).

The nearest support is the area at the level of 0.6050 (MA100), (MA200).

Created by Joshua Hayn

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