Hello, traders. The support and resistance level of 0.620 may soon be reached by the New Zealand dollar, which is currently going through a correction phase. The trend is downward at the moment. Throughout this trading week and the one after it, we'll keep an eye on NZDUSD in case a selling opportunity appears at the 0.620 zone. We've launched a short position to meet with money and risk management standards, and we'll add more in the zone.
Daily chart
Weekly Chart
Daily chart
Weekly Chart
Note
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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.