FX.co ★ osenger | NZD/USD

NZD/USD is not showing anything interesting today. The pair has pulled back slightly, but the dollar is holding firmly against many other pairs, so there is no reversal in general. There is no reason for sellers to worry, and we also updated the April minimum, which some bulls were hoping for, but breaking below the minimums definitely complicated their lives. They managed to grow a little and slightly exceeded the previous minimum, but overall the picture remains the same, and for a reversal, significant reasons and a specific weakening of the dollar's positions are needed, which is not observed. Therefore, it is probably worth looking for opportunities in sales as well. Definitely be cautious, considering the low prices, as we have come a bit too far from the highs. Therefore, it may make sense to consider some short deals on a small pullback. The area around 0.5720 could serve as a good entry point, where the moving average is also located. Initially, I expect a drop to 0.5775, and as the target is reached, the targets may be adjusted.