NZD/USD remains under the pressure
The NZD/USD pair continues to remain under the pressure of the risks of a trade war and a decrease in the cost of raw materials despite the growth of optimism in the market and restrained correction. This may contribute to the resumption of decline in this pair within the three-week downtrend.
Deals for sale should be considered below the support zone: 0.6470-50.
It opens the way for support levels of 0.6400 and 0.6380 on the resumption of the downtrend. Resistance is located at: 0.6500 and 0.6520, consolidation above which casts doubt on the safety of the downtrend.
Read also: “Dow Theory – The trend is confirmed by volume”
Hanzenko Anton
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