Forecast for the NZD/USD pair (New Zealand dollar vs. US dollar) — Actual for April 2020

Forecast for the pair NZD / USD - New Zealand dollar paired with the US dollar.

Here you can see strong levels, which are marked with different colors (for convenience), as well as download a template that can be installed in the MT4 trading terminal.

Strong levels can be used in your trading system, since the price is more likely to always bounce and correct from them. The older the TF, the stronger the level and the deeper the correction can be.

Strong levels on the weekly chart

Daily chart levels

TF levels for 4 hours

Hourly chart levels

Where will the price go?

After a strong collapse, the price corrected from the 80.9 fibonacci level

We build a channel using the two previous points in order to understand what happened.

As you can see, at the moment the price has returned to the narrowing channel and it is highly likely that it will return at least to test the upper border of the channel.

Just at the upper border of the channel there is a cluster of strong levels 61.8 and 38.2, which may well provide resistance.

You can download this template with levels for MT4 link "