15.05.202005:06 Forex Analysis & Reviews: The NZD/USD Price Movement For May 15, 2020

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As seen on the 4-hour chart, Kiwi is now decreasing. This can be confirmed by the CCI (30)/ The pair is dropping bellow the 100, 0, & -100 level with a down slope pitchfork channel. This pair will try to reach the nearest liquidity pool at 0.5954 as the first target and the 0.5907 as the second target before it hits the middle line from the pitchfork. The scenario is unlikely to come true unless the NZD/USD pair does not rise above the 0.6013 level.

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