Market Analysis– April 30
NZDUSD market turned bearish since the cross of the Moving Averages (periods nine and twenty-one) in February. Lower highs and lows have defined the price action on the 24-hour timeframe. The market is currently bearish as the price have dived to test the 0.6100 support level.
NZDUSD Key Levels
Demand Levels: 0.6100, 0.5970, 0.5590
Supply Levels: 0.6460, 0.6560, 0.6730
NZDUSD Long-term Trend: Bearish
NZDUSD Short-term Trend: Bearish
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