NZD/USD: is the correction over?

NZD/USD: is the correction over?

2020-05-26 • Updated

Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month. Support is at 0.6080 and 0.6065. The slide below the latter will open the way down to 0.6040. On the contrary, the advance above 0.6115 would mean the bullish flag and open the way up for another retest of 0.6155.

Trade ideas for NZD/USD

SELL 0.6080; TP1 0.6065; TP2 0.6040; SL 0.6090

BUY 0.6120; TP 0.6150; SL 0.6105

NZDUSDH4.png

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