NZDUSD → Correction and liquidity capture ahead of growth
NZDUSD , following a sharp decline during the Pacific-Asian session, is testing the support of the upward trend and the liquidity zone...The dollar is correcting amid escalating tensions in the Middle East. This is a temporary move, and the market may return to its main trend. The currency pair is forming a false breakdown of support
Against the backdrop of an uptrend and a weak dollar, the currency pair is testing support at 0.6000. The reaction is weak at the moment, but there is a chance for growth if the price consolidates above 0.6020. I do not rule out a retest of the liquidity zone at 0.5989 before growth
Support levels: 0.6000, 0.5989
Resistance levels: 0.6068
The inability to continue falling and the formation of a local reversal structure relative to 0.6000 (price consolidation above 0.6020) may support the market. I do not rule out that the market may decline to the liquidity zone of 0.5989 before rising.
Best regards, R. Linda!
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