NZD/USD is traded at historical lows, after OPEC deal break-up and negative economic statistics from China due to coronavirus consequences. New Zealand is the world's largest exporter of dried milk, and tourism is the main contributor to the country's economy. Large export volumes to China make NZD/USD sensitive to economic indicators from China. But the newly formed "Double Bottom" pattern may give a chance for the pair to grow.

NZD/USD, 30 min

Pivot - 0.5746