Currently, NZD/USD is trading at 0.5992. Today started a new downtrend after breaking support and neckline at 0.6058. The price has already touched the first target and now is moving towards its next support level at 0.5893, which will be its second target.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.