Forecast for NZD / USD pair on April 23, 2019

NZD / USD pair

On the daily chart, the price consolidated before the minimum on April 17 in the last three sessions with the Fibonacci reaction rate of 123.6% at the price of 0.6664. Overcoming this level will signal the price to open with the closest target of 0.6630, which is a Fibonacci level of 138.2%. The next probable target will be 161.8% at 0.6579.

On the four-hour chart, the price develops below the balance lines and MACD. The signal line of the marlin oscillator is in a growing position, which reminds of the need to fix the moment when the price leaves the signal level of 0.6664 as there is a small risk of corrective growth before falling.

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The material has been provided by InstaForex Company - www.instaforex.com

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