FX.co ★ osenger | NZD/USD

The New Zealand dollar in the currency pair NZDUSD did not withstand the pressure from the American opponent and headed downwards. Sellers pushed below 0.5830 and managed to drop below 0.5800. After such a decline, a pullback upwards at least seems likely, or maybe even a full reversal. After consolidating above 0.5800, the price may move towards 0.5830 - a bounce and a continuation of the decline are possible from there. A close above 0.5830 will open the way for buyers to reach 0.5860, and then potentially 0.5890. It's too early to predict further, but if buyers manage to break above 0.5890, then a rise in NZDUSD to 0.5920 and 0.5950-0.5965 could become relevant. However, if the US dollar somehow continues to rise and does not move above 0.5800, then sellers may continue the decline towards 0.5770 and 0.5735, with further developments depending on the actual situation.