NZDUSD is declining amid a strong dollar rally. The negative background for the currency pair has persisted for quite a long time and there is no reason to change this tone at the moment.
On W1, we can clearly see the general trend on the part of strong bears, who continue to sell off the currency pair and the New Zealand dollar. On H4 it is worth paying attention to the intermediate level of 0.5900. The breakout and subsequent price consolidation below this level will form the potential for the continuation of the decline.
Resistance levels: 0.5940, 0.6000 Support levels: 0.5900, 0.5850
Technically, we have a bearish trend and support retest, which only strengthens the bearish potential on the negative fundamental background. We are waiting for a decline to lower targets.
Regards R. Linda!
Trade ativo
The pair is updating the local minimum negative fundamental background persists
Trade ativo
breakdown
Comentário
Decline continues. prospective target 0.586
Trade fechado: objetivo atingido
The first goal has been achieved
Trade ativo
Trade ativo
Consolidation below the target level. We expect the decline to continue
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