NZD/USD Asia Price Forecast: Kiwi at a stone’s throw from 2020 lows

 

 

NZD/USD fell sharply throughout the first month of 2020. It is now trading below the main simple moving average (SMAs) as bears are looking for a break below the 0.6447 support. Potential targets on the way down can be seen near 0.6427 and 0.6400 price levels, according to the Technical Confluences Indicator. On the flip side, resistances are seen near the 0.6490, 0.6514 and 0.6535 price levels.