NZD & AUD both pairs known as cuisine & sister in forex market. Usually they move in the same direction. Longer term down trendline broke to the upside.
NZDUSD moved within the range 0.6950-0.6200. 0.6200 strong support area and low of August 2015. Price broke support level due to corona pandemic and touched 0.5460 level that is all time low in NZDUSD.
Price moved back upside sharply to trap sellers as a breakout traders. Price moving between 0.6520-0.6790 area for several weeks. Inverted Head & Shoulder pattern formed just like AUDUSD. 0.6790-.6800 neckline resistance area need to break for bullish trend confirmation. Longer term bullish target 0.7500.
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Resistances: 0.6900, 0.7120 and 0.7380.
Supports: 0.6680, next level is 0.6590. 0.6520 strong support area.