NZD is the weakest currency and has been for the past few days which explains the recent move to the downside on NZD/USD, the USD is also one of the strongest currencies. what we will be waiting for on this is an impulse off our weekly zone to create exhaustion to previous area of support which will now be resistance where we will look for entry confirmation for a continued move back to our weekly zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.