FX.co ★ osenger | NZD/USD

For the NZD/USD pair, we saw such an impressive growth last week that we closed at the market peak and managed to break through the Envelopes boundaries on both the four-hour and daily scales. Now the support zone is limited by the levels of 0.5911 - 0.5930. This will be a great opportunity for buyers of the NZD/USD pair if, from the market opening, the pair returns from the current level of 0.5985 to the support at 0.5930. Such a retracement could be used for buying the NZD/USD pair to continue its upward movement. There are no signals to sell at the current price of 0.5985, and buying the NZD/USD pair at its peak is also not advisable. Considering that all majors are set for the weakening of the US Dollar, buying the NZD/USD pair at a decline to 0.5930 seems to be the most relevant trading option.