NZD/USD remains under the pressure of downtrend

The NZD/USD pair continues to maintain a downward trend despite the attempts of correction and the weakness of the American dollar. An additional factor to the weakening of this pair are trade risks and the soft rhetoric of the national banks of Australia and New Zealand.

The NZD/USD remains in a two-month downtrend, the upper limit of which is located at the levels: 0.6520 and 0.6540, from which we can expect a rebound.

Deals for sale should be considered below the level of 0.6500.

Fixing this pair below this level will open the way to support: 0.6460 and 0.6430.

Read also: “Wolfe Waves – Floating, Knowing”

Hanzenko Anton

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