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04.03.2025 07:36 AM
Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Tuesday March 04, 2025.

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If we look at the 4-hour chart of the NZD/USD commodity currency pair, a Divergence appears between the Kiwi price movement and the Stochastic Oscillator indicator, although NZD/USD is currently under pressure from sellers, but if this weakening does not breal and close below the 0.5569 level, then NZD/USD has the potential to strengthen again where the 0.5635 level will be tested to be broken and closed above it and if successful, then Kiwi will head to the 0.5664 level as its main target and 0.5688 as the next target if volatility and strengthening momentum support.

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