08.09.2020
The pair is trading lower as indicators point to a slowdown in China’s business activity amid the ongoing China–US trade conflict. This situation may have a long-term negative impact on the pair.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is turning up. Stoch also turn up in the oversold zone.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price drops below 0.6685, it will go further down to 0.6645.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
