Technical analysis of NZD/USD 07/31/2019

NZD/USD currency pair has broken through the lower border of the ascending channel in the zone of the level of 0.6600 on the 4N time frame. At the moment, we should expect the development of a downward movement of the pair below the level of 0.6500 with a likely preliminary correction to the resistance zone of 0.6650.
Cancellation of the option to reduce the pair, after a likely upward correction, will rise above 0.6700, which will indicate a breakdown by the MA100 on a 4N time frame.


Created by Joshua Hayn

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