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FX.co ★ Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs, Tuesday, September 26 2023.

Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs, Tuesday, September 26 2023.

Technical Analysis of Daily Price Movement of NZD/USD Commodity Currency Pairs, Tuesday, September 26 2023.

If we look on the daily chart of NZD/USD commodity currency pairs, there is the CCI-indicator which seems manages to break above its 3 main level (-100, 0, & 100) however on the price movement seems failed to break above the level 0,5980, which means that in a few days ahead Kiwi has the potential to go down to test the level 0,5881 as long as there is no upward correction exceed the level of 0,6111, then if NZD/USD manage to break below the level 0,5881 will continue the downward movement to the level 0f 0,5997.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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