The NZD/USD chart currently indicates a bullish overall momentum, suggesting an upward trend in the market. Given this sentiment, the price may potentially bounce off the 1st support level at 0.6068 and continue its upward movement towards the 1st resistance level at 0.6128. The 1st support level at 0.6068 is considered an overlap support
Additionally, there is a 2nd support level at 0.6036, identified as a swing low support, which gains significance from its alignment with a 61.80% Fibonacci projection. On the other hand, the 1st resistance level at 0.6128 is noted as an overlap resistance, potentially acting as a significant barrier to further upward movement. Moreover, the presence of a 2nd resistance level at 0.6163, identified as an overlap resistance and aligned with a 61.80% Fibonacci retracement, may exert additional resistance pressure on the price.
