FX.co ★ Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs, Thursday June 15,2023.

On the daily chart NZD/USD Commodity currency pairs seems moving inside the Bearish condition marked by its movement which inside the downward Bearish channel as well as below its Moving Average although currently there is an upward correction. But, seems like right now those upward correction seems stuck on its Moving Average as well as the second Upward Channel from its Bearish Channel where this thing is confirmed by its CCI indicator movement which is stuck by the 0 level so that, based on above facts, if there is no continuation of the significant upside correction movement, especially those that pass the 0.6297 level, the Kiwi has the potential to return to its initial bias where NZD/USD has the potential to fall down to the 0.5980 level in the next few days.

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