You can see in the four hour chart the price of NZDUSD have caught in a descending trendline since August 15th. A correction is expected at the moment in this chart as RSI is indicating 27 which is a positive signal for changing trend. And the MACD bars has already turned to light red.

• There is resistance 0.56378 followed by resistance at 0.58120 and 0.60000
• There is support at 55300, Below, there is 0.55000 and 1.54500

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.

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