Forex Opinion & Analysis

Chart Of The Day – NZD/USD

For the “chart of the day,” the NZD has been my focus, and on Nov. 22, we noted how the NZD/USD looked bearish.

The NZD/USD pair sold off about 2.5%, reaching a very key level of support yesterday which bears should take note of. The highs in July 2019 and September 2020 were tested yesterday and respected.

This has created a possible false breakdown after fresh 2021 lows. Bears should take note of this development, especially if we move back above the .6860 level.

NZD/USD Daily Chart

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