FX.co ★ osenger | NZD/USD

NZD/USD

Technical analysis of the pair on the 5-minute chart. Short term. The price is trading in a downtrend and has probably headed to work off the 0.5751 level. The price may break this level downward, somewhere lower finally work off the TF low, and then the price will start to move back up. The price will be working off the extended blue zone, it may work it off completely, return to the 0.5804 level and then form a double top on the chart there.