Aurum Markets Blog Technical Analysis NZDUSD approaches important level of 0.6017

NZDUSD approaches important level of 0.6017

NZDUSD approaches important level of 0.6017 post thumbnail image

NZDUSD is about to retest a key horizontal resistance level near 0.6017. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

Supported by Upward sloping Moving Average

Target: 0.6017 Entry: 0.6002 Stop: 0.5991

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