NZDUSD, H4
In the H4 time frame, the NZDUSD corrected after a robust rise and faces the 0.6230 support level.
The 100-MA crosses the 200-MA up, potentially indicating a continuation of an uptrend. However, the momentum oscillator crosses the 100-line down, giving a potential bearish sentiment.
- If the price fails to break below the 0.6230 support, it will open the way for a rise to the 0.6300 level;
- However, breaching below the support, will drop the asset back to 0.6130 support.
