NZDUSD experienced sharp losses in recent trading, influenced by resistance at 0.5990
EMA50 support was surpassed, putting the currency under negative pressure
The (NZDUSD) price settled with sharp losses in its last intraday trading, affected by the stability of the critical resistance at 0.5990, this resistance was our expected target in our previous forecast, to surpass the support of its EMA50, which puts it under negative pressure and reduces the chances of its recovery in the upcoming period, especially with the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels.
Origin: Economies
