NZD/USD Price Movement For June 17, 2020

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After making a completed primary-secondary movement on the 4-hour chart, NZD/USD is now starting to make a new primary movement to the downside. This is confirmed by the Liquidity Void below the current price which will act as a magnet area and support from the technical view. So, this currency pair is still moving below the Moving Average and the spotted Convergence (Hidden Divergence) between the price with the Stochastic Oscillator. Base on this fact, we believe that NZD/USD will try to raid the nearest SELL Side Liquidity Pool at 0.6391 soon. If this level easily is surpassed, the price will have a chance to reach 0.6300 as the primary target and 0.6175 as the optional target as long as the pair does not retrace upwards and closes above the 0.6504 level.

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