NZDUSD 3 Apr 2024 In the analysis of NZDUSD on the daily timeframe, it should be noted that the pair is currently at 0.59700, showing a continuation of the downtrend that has been ongoing since early last month. At this moment, the pair is below the Kumo Cloud on the Ichimoku Indicator, signaling bearish tendencies in the longer term. In addition, the MACD indicator shows the pair positioned below the 0.00 level, confirming the dominance of the bearish trend. Both indicators indicate that the downward momentum is still strong and could continue for a longer period of time. Traders should be cautious in making trading decisions, perhaps considering looking for short opportunities or waiting for additional confirmation before opening positions. However, it’s important to remember that markets are always changing, so it’s important to constantly monitor any changes in market conditions that may occur.
