Pivot Point: 0.7120
Expected scenario: Entering short positions at the lowest levels of 0.7120, targeting the levels of 0.7030.
Alternative scenario: Entering long positions at the highest levels of 0.7120, targeting the levels of 0.7200.
Commentary: The New Zealand dollar pair is still maintaining the general bearish trend, through the bearish price channel, to collide at the beginning of Monday's trading at the upper line of the bearish price channel, therefore it is expected to represent a strong resistance level, especially in The price crossed below the moving averages (50-100), in addition to the presence of the liquidity flow indicator in oversold areas.
