NzdUsd outlook
0.6350 zone needs to hold for a bullish bias for this pair.
After a low at 0.62, NzdUsd rose to form a series of higher lows. The pair reached resistance at 0.6450 and declined aggressively. Now NzdUsd is trading at the confluence of horizontal and trend line support which needs to hold in order for the pair to maintain its newly formed uptrend.
After a low at 0.62, NzdUsd rose to form a series of higher lows. The pair reached resistance at 0.6450 and declined aggressively. Now NzdUsd is trading at the confluence of horizontal and trend line support which needs to hold in order for the pair to maintain its newly formed uptrend.
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Penafian
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