Technical analysis of NZD/USD 08/30/2019

The NZD/USD currency pair updated the low by breaking the lower border of the downward channel in the level of 0.6350 on the D time-frame. At this point, the price is consolidating in the zone of 0.6310.

There is reason to believe that the downward movement will continue as part of the development of the projection with a target in 0.6200.

Cancellation of the fall option will be a strong growth above the area of 0.6500.


Created by Joshua Hayn

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