NZD/USD price analysis: kiwi immerses below 0.5600 because sellers expand their hug

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  • NZD/USD fell violently on Friday towards the zone 0.5600, tracking massive daily losses before the Asian session.
  • The shoot indicators adapt bear, with the power of MacD and Bull Bear showing a clear sales pressure.
  • Main medium movable and resistance near an raise at 0.5,700 cap.

The NZD/USD pair collapsed on Friday, diving towards the area of ​​0.5600, when the Bear’s shoot dominated the session. The couple traded deep in red, dropping over 3% during the day and remaining an average rating between recent extremes at 0.5551 and 0.5798. Sellers remained strongly during the day, and the technical indicators confirm the deterioration of the economic situation. The action develops during the Friday session before the Asian opening.

Daily chart

Techniques suggest a clear prejudice of the disadvantages. Average mobility of convergence (MacD) and the energy indicator of the bear bull. Both print sales signals, strengthening bear. While the relative force indicator (RSI) at 37.21 flirts from the sold -out territory.

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Medium movable strengthens tons around the world. The 10-day interpretation average (EMA) at 0.57105 and 10-day straight movable medium (SMA) at 0.57148 is even lower. Long-term indicators, including 20-day SMA at 0.57342, 100-day at 0.57177 and 200-day at 0.59039, confirm the extended period of sales pressure.

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