Good morning traders, today we will show you our analysis of the NZD/USD pair in two timeframes that we consider relevant to make a decision in the short term.
🔸First, we can see in the daily chart that the price broke the bullish channel and has been consolidating for several days.
🔸You have not yet found any relevant support area where we can consider a reversion.
🔸The next support zone is at 0.66000.
🔸What we are waiting for is a breakout of the current corrective move, which could initiate the next bearish momentum.
🔸First, we can see in the daily chart that the price broke the bullish channel and has been consolidating for several days.
🔸You have not yet found any relevant support area where we can consider a reversion.
🔸The next support zone is at 0.66000.
🔸What we are waiting for is a breakout of the current corrective move, which could initiate the next bearish momentum.