NZDUSD is consolidating for further decline. Buyers may not hold the level of 0.5588. The strong dollar, which continues to grow, has a negative impact. The fundamental background for the currency pair is also negative.
Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible movement in our case is a breakdown of support and further decline
Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible movement in our case is a breakdown of support and further decline
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❤️ Telegram channel: t.me/AndeWave
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.