Technical analysis of NZD/USD 03/22/2024

The NZD/USD currency pair at (1D) is in a downward correction.

At the moment, the price is testing the support level area of 0.6000 (61.8% Fibo).

If the level of 0.6000 is broken, technically this will mean the transition of the downward correction into a downtrend with a target of 0.5777 (2023 low).

The nearest resistance is the area at level 0.6070 (MA200).


Created by Joshua Hayn

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