NZDUSD Chart Technical Outlook expects mixed trading, with resistance located at 0.5954
We have seen an impulsive move to the upside this morning with levels close to the multi-month low of 0.5797 attracting buyers. The next significant upside barrier is located at 0.5955. Cypher pattern analysis would suggest we are building a Bat formation. There is scope for a correction lower within the BC leg. Prime support is located at 0.5829. I now expect intraday price action to become choppy within this corrective leg.
