The NZDUSD pair is on bearish 1D technicals (RSI = 39.193, MACD = 0.004, ADX = 32.603) with the RSI almost turning oversold last week. Having completed a 1D Golden Cross, the first since Jule 2020, while having harmonic Resistance and Support levels with that 2020 fractal, this low price supported on the 1D MA200 is the perfect buy opportunity. Long-term TP = 0.7000 (near R1).
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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.