NZDUSD The currency pair is succumbing to the dominance of a strong bear market. The price continues to update both local and global lows.
On the local chart, we see a change of trend from the upward correction, which took place in the format of correction, the price stopped at the limit zone of 0.5806, after which we see a change of trend and the formation of the price channel , which coincides with the direction of the global
I assume that after the pullback from the support at 0.5565 to the resistance zone , we may see a fall in the price trend.
•Short-term target – support at 0.5565.
•Medium-term target – liquidity zone 0.5469.
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