The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD: 'V-Bottom' pushing price higher
2019-11-11 • Updated
There's a 'V-Bottom', which pushed the price higher, so the trendline turned out to be broken. It's likely to have a local downward correction in the coming hours. In this case, we should watch the nearest support at 0.6524 as a potential target for another advance towards the next resistance at 0.6572 - 0.6581.
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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