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26.10.202213:07 Forex Analysis & Reviews: Technical analysis of NZD/USD

NZD/USD:

Exchange Rates 26.10.2022 analysis

The chart shows the movement of #NZD/USD on the 4-hour (H4) chart.

Quotes reached the lower border of the resistance area of 0.5809, which is shown on the chart as two parallel lines.

This area determines the dynamics of the trend for the coming days.

However, there is a chance for a reversal towards 0.5530.

And in case of a breakdown of the upper border of the resistance area of 0.5827, the pair will rush to a new target, that is, 0.6005.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
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