With the appearance of deviations between price movements and the MACD Histogram indicator on the 4-hour chart of the NZD/USD commodity currency pair, in the near future there will be a strengthening correction in the Kiwi even though currently the bias is still weak, which is confirmed by the price movement which is below the EMA 20 & EMA 50, but as long as the strengthening correction does not broken above the 0.6061 level, NZD/USD will have the potential to weaken again to the 0.5930 level as the main target and if momentum and volatility support it, NZD/USD will fall to the 0.5839 level.
(Disclaimer)
