NZDUSD Drop then Rise

5 mai 2021

Over the past week, USD generally hasn't been at its best. And has been finding strength as it nears the week's close in the recent past. After major moves upwards against NZD, it has now began necessary correction before the pair looks to take flight to the nearest key level or even maybe to the next. A confident close below 0.71450 (Monthly close) may push price towards 0.71000 where it is anticipated to then resume its uptrend. This may be confirmed by a bullish break from its current downtrend channel at Point D and retest before any further confirmations.