It is likely that the NZD/USD price could continue to diminish next week's first trading session. However, this bearish momentum might be hindered by the border of a downtrend channel. Technical indicators flash mixed signals.
Nevertheless, it is expected for the currency pair to reverse north for a re-test of the aforementioned cluster. Next week the pair might try to reach the level above 0.73 to the upside and 0.7150 to the downside.
Chart: NZD/USD H4
Thanks for such an informative analysis.
ReplyDeleteIt's very bearish, indeed.
ReplyDeleteI think it may reach 0.7100.
ReplyDeleteThe pari marked huge drop.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteLooks like it will keep pushing lower.
ReplyDeleteContinue on the downside.
ReplyDeleteIn agreement with your post.
ReplyDelete