FX.co ★ NZD/USD Analysis For April 06, 2020

Since the CCI (30) has already passed below the level 100, 0, & -100 (Circle Magenta) with the Candlestick moving below the 30-EMA by the close, we know this pair has been trading with the downward bias. The pair will try to reach the nearest Liquidity Pool at 0.5775 as long as the kiwi does not rebound upwards higher than 0.5976.

The overall bias of NZD/USD is bearish.

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