3:38 PM · 2 June 2020

NZDUSD moves to new session highs

The NZDUSD is trading at a new session high and is one of the strongest currencies today. Currency pair broke above and is moving away from the 200 day MA (redline). Currently Kiwi is testing resistance at 0.6372. Should upbeat moods prevail, an upward impulse towards 0.6469 could be launched. On the other hand, once sellers regain control, the support at 0.6154 may be at risk.

NZDUSD - D1 interval. Source: xStation5

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