SOLID ECN LLC
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NZD/USD Testing Key Support at 0.609
![NZDUSD-H4.png](/community/proxy.php?image=https%3A%2F%2Fi.ibb.co%2Fx8V2t8s%2FNZDUSD-H4.png&hash=3a4874e7387da50f0da245964ef2328d)
Solid ECN – The NZD/USD is testing immediate support at 0.609 today, aligning with the lower band of the Bollinger Bands. The RSI hovers around the middle line, and the Awesome Oscillator approaches the zero line with red bars, indicating a lack of momentum for the currency pair.
From a technical standpoint, NZD/USD could dip to the 50 EMA, followed by the ascending trendline if bears maintain their position below the immediate resistance at 0.611.
Conversely, if bulls push above 0.611, the bullish trend will likely resume, with the immediate target being the 0.613 mark.
From a technical standpoint, NZD/USD could dip to the 50 EMA, followed by the ascending trendline if bears maintain their position below the immediate resistance at 0.611.
Conversely, if bulls push above 0.611, the bullish trend will likely resume, with the immediate target being the 0.613 mark.