The trend charts on the larger time frames show that the NZD/USD is currently in a downtrend. The current price is around 0.6550, you can set a price alert here to notify you of any movement. When the alert hits look for sell signals on The Forex HeatmapĀ® to confirm the sell trade. The overall pip potential is excellent, possibly down to the 0.5500 support area, or even lower, which is around 1000 pips below the current support. No significant nearby support levels below the current price. The chart you see below is for the MN time frame, which is the largest time frame we use when conducting multiple time frame analysis on the 28 pairs we monitor.
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