FX.co ★ osenger | NZD/USD

Good evening. Looking at the NZDUSD pair on the hourly chart, some evening changes are clearly visible. Especially in the last few hours, this applies to practically all dollar pairs, they all moved a bit. All these movements turned out to be insignificant and within a narrow range, which apparently awaits us all. No other options are visible, the pair is in a clear corridor, but its boundaries are not clearly defined, which is the problem. It's somewhat more or less clear with the highs, but the lows are sad. The pair is trying to touch the bottom, one optimistic candle formed, but judging market sentiment based solely on one candle is difficult. In general, we only once significantly dropped below the current level, and that was only at the opening with a gap at the beginning of the week. Therefore, the level can be considered strong, so a bounce from it is quite possible. And then, the level of 0.5915 will serve as a reference point.