FX.co ★ Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday February 27, 2024.

With the appearance of Descending Broadening Wedge pattern as well as supporting by the confirmation of the Hidden Deviation between the NZD/USD price movement with Stochastic Oscillator indicator as well as the restraint of the NZD/USD movement on the Bullish Fair Value Gap (Cyan box) level area, then in the near future, Kiwi has the potential to appreciated stronger upward to the level of 0,6180 if there is no quite significant correction especially if it is broken below the level 0,6114, then we can make sure that Kiwi will continue its strengthening to the level of 0,6213.

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