NZDUSD has crossed its demand level now acting as supply zone. The pair is in a strong bearish momentum on high timeframe which is also caused by a strengthening of the US dollar. The pair is also seen moving within a falling channel. I expect price to fall from the supply zone and the target will be 0.64.
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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.