New Zealand Dollar to US Dollar: The NZD/USD D1 chart has returned to the falling channel, and the price can be slightly bearish at the moment below the channel. At present, the RSI indicator has risen to 40, indicating that the market is strongly promoting the next continuous decline. The ADX indicator -DI is above +DI and the downtrend is strong. The MACD short trade volume is also very strong, and the signal line is close to the 0 axis.
The price on the H1 chart touched the lower support level and then pulled back to 0.67629. After the price correction, the current trend strongly pushes the price to continue to fall. Sustainably bearish.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
