On the daily timeframe chart, the NZD/USD commodity currency pair shows the appearance of a Bearish 123 pattern which is followed by several Bearish Ross Hook (RH) penetrations, which indicates that the Kiwi is currently dominated by Sellers, which has also been confirmed by the CCI indicator which has successfully penetrated. below the three main levels and is currently stuck in the 0.5980 resistance area, so as long as there is no correction movement that penetrates above the 0.6164 level, NZD/USD will continue to weaken, where the 0.5881 level will be the main target that will be in the next few days.
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