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On 9/16/2024 at 7:10 PM, FxNews said:

NZD/USD Eyes $0.625 Beyond 100 SMA Barrier

NZDUSDH4.png

FxNews—The New Zealand dollar trades above the Supertrend at around 0.618 against the U.S. dollar. The descending trendline slowed the bullish wave that began at $0.611.

The RSI (14) is above the median line, signaling that the market is not overbought and should resume its upward movement. The Awesome Oscillator bars are green, meaning the bull market prevails.

Forecast

The 100-period simple moving average or the descending trendline is the primary barrier for buyers. $0.625 will likely be targeted if the NZD/USD price breaks above the 100 SMA.

On the flip side, a dip below the immediate support at $0.617 will invalidate the bullish market. In this scenario, the New Zealand dollar could dip to the $0.610 support level.

Nice. I am paying some more attention to NZDUSD

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