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NZDUSD falls to trend line support on daily chart and there is a stall of the fall

The NZDUSD - like other currencies versus the US dollar - has seen USD buying/NZDUSD selling. THe prices low reached a new low going back to November 2020 at 0.5895. The low price today reached 0.5885.At the session low, the price was attesting a lower trendline currently at 0.5881. Buyers stalled the fall. The price has since moved back higher and currently trades at 0.5906.The inability to move below that trendline could lead to a bounce back to the upside off of the risk defining level. All t... Read More

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Nzdusd

Falls

Trend

Line

Support

Daily

Chart

There

Stall

Fall

Forex

Posted: Aug 25 2023, 15:42

Author Name: forexlive

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