In a previous analysis, we mentioned the possibility of a NZD pair falling from here
The pair has been moving in an upward trend since mid-March, after the great downturn that occurred at the beginning of the month, as it rose from 0.5450 levels
The pair collided with the resistance area at 0.6200-0.6130 levels in conjunction with the falling trend line from last December's high
We also see on the four-hour frame that the price broke an upward channel formed in April, confirming the continuation of the expected decline.
To descend and reach the level of 0.5950
