NZDUSD: Where are we going? 🇳🇿🇺🇸

Sep 23, 2022

Analyzing a weekly time frame, we can see that NZDUSD is in a bearish wave from 15th of August.
The pair already lost more than 10%.

Moreover, it turned out that the price managed to violate a major falling trend line that previously served as a key support.

Analyzing the historical levels, the closest structure support that I spotted is 0.546 - 0.56 area.
I believe that it will be the next goal for sellers.

If you are looking for shorting, consider an occasional retest of 0.606 - 0.616 area.
It is the closest resistance that I see.

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