NZD/USD is preparing for a correction

The NZD/USD pair forms a reversal pattern that indicates the possibility of movement against the downtrend of the current month amid the weakening of the US dollar. At the same time, it is worth noting that negative sentiment on the market limits this pair in movement and may cause a flat formation. Fixing the pair NZD/USD above 0.6780-0.6800 will open the way for a full-scale correction to resistance levels: 0.6840 and 0.6870. The support is the marks: 0.6770 and 0.6730.

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Hanzenko Anton

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