FX.co ★ Technical analysis of NZD/USD

NZD/USD:

The chart shows the movement of NZD/USD in the four-hour (H4) chart.

Comparing the recent price movement to that of July 15, July 26 and August 2's, it is obvious that the pair continues to aggregate around 0.6262 instead of following the trend. But growth to 0.6435 is still possible as long as 0.6262 remains as a support level. Volatility is likely to be strong in the coming days.

In the case of the breakdown of the support level, expect the trend to change.

Good luck!