NzdUsd could probably break support

29 มิ.ย. 2023

The long-term trend for NzdUsd is clearly bearish and the recent rise started in November was just a correction with a high around the 0.65 zone and a clear resistance at 0.64 and the pair trading in the range starting in March.
The recent rally from 0.6050 support was anemic in comparison to other USD counterparts and suggests a very weak NZD.
A break under support is very probable at this moment and a new test of 0.56 low could follow in the next months.
That being said, I'm looking to sell rallies with negation above the 0.62 zone