NZDUSD

20 באוג׳ 2023

After being stuck in a 41-day downtrend channel, NZD/USD has now reached the bottom of a 4-hour channel, which coincides with a strong demand zone that has been identified on the 4-hour chart. It is likely that price will undergo a correction from this demand zone, as indicated on the chart, moving higher towards the upper boundary of the 1-hour channel, which represents the supply zone.