NZD/USD Outlook (7 September 2022)
The NZDUSD heads into unchartered territory!
As the price breaks below the 0.6060 support level, the NZDUSD is heading into price levels last seen in 2020, during the pandemic.
With the price currently at 0.6040, look for the NZDUSD to trade lower towards the round number level of 0.60. However, the key support level is at 0.5930.
While there could be a significant downside, the price action as the NZDUSD trades lower could see significant volatility and choppy movements.
As the price breaks below the 0.6060 support level, the NZDUSD is heading into price levels last seen in 2020, during the pandemic.
With the price currently at 0.6040, look for the NZDUSD to trade lower towards the round number level of 0.60. However, the key support level is at 0.5930.
While there could be a significant downside, the price action as the NZDUSD trades lower could see significant volatility and choppy movements.
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