FX.co ★ NZD/USD Price Movement For Friday January 10, 2020

During the realese of US nonfarm payrolls and unemployment rate data, we see the bias of USD/NZD is still bearish. However, there is a zone between the previous 4-hour chart. The previous bullish orderblock & the previous bullish propulsion block are likely to act as a strong support zone (0.6570-0.6589). There is a possibility for this pair to make a turning point at least for fill the liquidity void at least to the bearish fair value gap threshold at 0.6633. As long as the 0.6677 level is not violated, NZD/USD is going to continue its bearish bias.

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