FX.co ★ osenger | NZD/USD

NZDUSD The pair has been showing an upward trend since the beginning of the day and continues to stay within an ascending channel on the H4 chart. The MACD indicator is in the negative zone without clear signals, while the MA arrow points upwards. In this situation, there is a presumption that the corrective movement is still ongoing and may retest the level of 0.5754, but another drop could occur at any moment as sellers remain strong. Therefore, the New Zealand currency could be expected to reach the level of 0.5707, which has been a recent support level. If this level is breached, the price may head towards 0.5670.