NZDUSD, “New Zealand Dollar vs US Dollar”
The NZDUSD pair has formed a Hammer reversal pattern on H4. Currently, the instrument could go by the reversal signal in an ascending wave. The correction target might be 0.5990. After a rebound from the resistance, the quotes could extend the downtrend. However, the price might drop to 0.5900 without correcting to the resistance.
Origin: RoboForex
