NZD/USD to go down to 0.6622 on July 28, 2020.

analytics5f1f9eba4996c.jpg

If we look at NZD/USD on the 4-hour chart, we see a divergence between the price and the Stochastic Oscillator. This indicates that NZD/USD will go down soon with the target between 0.6622 and 0.6612 as long as the currency pair does not retrace upwards and closes above the 0.6700 level. If this level is crossed, then the bearish scenario will be automatically canceled.

(Disclaimer)

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