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NZD/USD Price Hovers Above 61.8%, Bearish Stance Reinforced

Started by forex4you, Apr 20, 2022, 01:11 pm

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Apr 20, 2022, 01:11 pm
NZD/USD Price Hovers Above 61.8%, Bearish Stance Reinforced

The NZD/USD pair could extend its sell-off by taking out the 61.8% retracement level. A new lower low could bring new selling opportunities. Staying above 61.8% could announce that the correction ended. The NZD/USD price plunged after reaching 0.6763 as the Dollar Index remains bullish despite temporary retreats. DXY's further growth may help the greenback … Continued


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