Short-term forecast for NZD/USD - (actual for May 2020)

Short-term forecast for NZD/USD - (actual for May 2020)

The NZD/USD currency pair is getting out of a strong fall and it looks like growth can still continue.

Let's see what the technical analysis chart shows there.

H4 chart for NZD/USD

The nearest target is 0.6225, after which a rollback is likely and further movement towards the target 62205

Judging by the three-wave cycle, the trading pair is now in the final stage of the third wave, which should end at the designated last mark.

Here you can see the previous forecast for the pair, where a return to the upper border of the channel was shown, which is actually happening at the moment.

I also recommend watching USD/RUB forecast for summer 2020.

Happy trading everyone!

PS Choose only the best brokers, such as: MaxiMarkets, FinMaxFX and Alpari, because not only your earnings, but also the safety of funds depend on the quality of brokerage services.

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