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FX.co ★ NZDUSD, Daily | Bearish continuation expected?

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Forex Analysis:::2023-05-22T06:19:58

NZDUSD, Daily | Bearish continuation expected?

The NZD/USD pair is currently bearish, indicating a potential for further price decline towards the initial support level. The first support at 0.6184 is an overlap support, while the second support at 0.6094 is a multi-swing low support. On the upside, the first resistance is at 0.6383, a multi-swing high resistance, and the second resistance at 0.6516 acts as a pullback resistance.

NZDUSD, Daily | Bearish continuation expected?

Analyst InstaForex
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