NZDUSD Technicals: NZDUSD is back testing a swing area after trading to new 4 - week highs
The NZDUSD extended to its highest level since October 30 earlier today, with the rally peaking at 0.5751. The move higher began after the Asian-session low held a key swing area between 0.5723 and 0.5731, which acted as a solid support base for buyers.In the US session, however, the pair has rotated lower and slipped back into that same swing area. This zone now becomes a decision point for traders.
Related Symbols:
USD
NZD
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