NZDUSD price experienced strong losses after breaking key support levels
Negative pressure continues due to trading below EMA50 and bearish trend
The (NZDUSD) price settled with strong losses in its last intraday trading, after breaking the key support of 05780, which represents our suggested target in our previous analysis, amid the dominance of the main bearish trend and its trading alongside steep bearish trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, which might reduce the upcoming losses of the pair.
Origin: Economies
