
The most important landing areas of the New Zealand currency index
The New Zealand Dollar Index continues to rise,
due to previous consolidation.
So far, the movement is strongly positive,
with minor reconsolidation operations expected to push the index
to continue rising, at least to the initial supply zones, located at 1.2291.
If the initial supply zones are reached, a decline is expected from there
to the specified targets at 1.2250 and 1.2200.
A decline would indicate temporary weakness
for the New Zealand Dollar against other currencies.
If the initial supply zones are breached and closed above,
the index may continue rising to the next supply zones,
which are considered very strong areas,
and a strong decline is expected from them.