FX.co ★ NZD/USD

On the NZD/USD currency pair, there is a potential for a decline, so I plan to open short positions from the level of 0.6075, targeting a profit around 0.6026. On the h4 and m30 timeframes, we observe a downtrend as the price consistently remains below the moving average level. Based on this, I assume that the decline in the currency pair may continue. The level of 0.6075 represents significant resistance, from which further decline is also likely.