NZDUSD: 61.8 Fibonacci

NZDUSD, Daily

In the Daily timeframe, NZDUSD reached a critical 61.8 Fibonacci resistance area. A Market Structure Shift has occurred, indicating the possibility of a rise, and the Force Index confirms this. However, the price has already reached the upper Bollinger line.

• If the price consolidates above 0.6040, it will reach 0.6200;

• A rebound from resistance will drop NZDUSD back to 0.5850;