FX.co ★ NZD/USD

Hello everyone. The price of the NZD/USD currency pair has been falling non-stop throughout the week. Only by the end of the trading week did the price stop declining so sharply. On the hourly timeframe, it can be seen that from the current levels the price is starting to reverse to the upside. On the four-hour timeframe, the price is also not falling. The price is below the EMA200 moving average line, which hints that the price may continue to decline. In addition, the technical analysis indicator is also suggesting selling. Let’s see what happens next.