Technical analysis of NZD/USD 09/04/2019

NZD/USD currency pair updated a minimum at 0.6265, after what it adjusted to the breakdown border of the downward channel on the 1D timeframe, where it found resistance at 0.6340.

In this regard, there was reason to assume the development of the projection from the lower boundary of the punched channel with the continuation and development of a downward movement with a target in the level of 0.6000.

Cancellation of the fall option will be a strong growth above the area of 0.6400.


Created by Joshua Hayn

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