The NZD/USD chart has a bullish momentum above a major ascending trend line. However, the price may face a bearish reaction at the 1st resistance and drop to the 1st support at 0.6261. A multi-swing low support level at 0.6203 could provide additional support. The 1st resistance is at 0.6310 and coincides with the 50% Fibonacci retracement level, while the 2nd resistance is at 0.6388 and coincides with the 61.80% Fibonacci retracement level. It's important to note that a bearish reaction at the 1st resistance could lead to a drop towards the support levels, despite the bullish momentum supported by the major ascending trend line.
