NZDUSD → Bears prospects. Continued decline from resistance

2024年5月2日

NZDUSD reaches the previously outlined target. The trend remains and has a bearish direction, the structure of which is preserved and the direction of price movement can be continued.

A retest of 0.5940 is formed on the background of yesterday's news and a slight weakening of the dollar index. The currency pair is strengthening within the downtrend, correction is being formed. Consolidation of the price below 0.5940 may form a potential reversal point with a further target of 0.585 or 0.58.
But, there is a probability that on the background of increased volatility the price may reach the trend resistance. But, the prospects are the same.

Resistance levels: 0.5940, 0.5983, 0.6000
Support levels: 0.5874, 0.585, 0.580

Technically and fundamentally we have a bearish outlook. The currency pair may continue its decline, but before that the market may test the resistance

Regards R. Linda!

2024年5月2日

交易進行

The fundamental background is negative. Strong dollar may negatively affect the currency pair

2024年5月3日

交易進行

Resistance retest