NZD/USD Price Analysis: Follow-up bounce as bulls defend weekly lows at 0.6150 – by Sagar_Dua24 NZDUSD Technical Analysis ChartPatterns SupportResistance Volatility
The kiwi bulls have defended the weekly lows at 0.6146 for the second time.The NZD/USD pair is oscillating in a narrow range of 0.6139-0.6158 in the Asian session. Thebulls have defended the weekly lows at 0.6146 for the second time on Wednesday. Broadly, the asset has turned sideways and may display a volatility expansion on the availability of a potential trigger.
The downward-sloping trendline placed from Monday’s high at 0.6253 will act as a major hurdle for the counter. Meanwhile, the Relative Strength Index is focusing surviving the attacks and holding the 40.00 mark to keep bulls alive.
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