The NZDUSD is breaking through the D1 resistance at 0.60840 and feels quite confident. Consolidation is forming, which could send the price to 0.61600
TA on the high timeframe: 1) Support at 0.60841 has been broken and price has entered a new range. The medium-term target is 0.63000 2) Breakout of the nearest liquidity area will form a strong momentum
TA on the low timeframe: 1) A pre-break consolidation near the 0.60990 level will form. The next retest could break resistance 2) Price is forming an uptrend and this might lead to the break-up of the resistance and rise to 0.61150, 0.61500.
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