NZD/USD buyers recover some ground, but they are not out of the woods – by christianborjon NZDUSD Majors Macroeconomics Fed
The NZD/USD daily chart portrays the pair as downward biased. Confirmation of the previously mentioned is that the daily EMAs are above the spot price, the RSI is in negative territory, and successive series of lower highs/lows cement the downtrend. Therefore, the NZD/USD first support would be the 0.6100 figure. Once cleared, the next support would be the YTD Low at 0.6060.
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