Tuesday, February 21, 2023
With the appearance of the Double Top pattern and deviations between price movements with the Awesome Oscillator indicator and the DMI indicator (-) which is above and the Moving Average which gives a negative cross, it gives a hint that in the near future, Kiwi has the potential to depreciate downwards to break below the 0.6188 level if If this level is successfully broken down, the NZD/USD has the potential to fall to the level of 0.5738 provided that on the way to these targets there is no upward correction that exceeds the 0.6387 level because if this level is successfully exceeded then all of the downside scenarios described previously will be become invalid and automatically cancel by itself.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.comfrom Forex analysis review https://ift.tt/rwiI5qn
via IFTTT