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Forex technical analysis: NZDUSD moves away from resistance

Discussion in 'Technical Analysis' started by ForexLive, Jun 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Trades at the session lows The NZDUSD this week moved higher after the RBZN kept rates on hold in trading on Thursday. The price moved just above topside trend line resistance at 0.7238 (the high reached 0.71469). The 61.8% of the move down from the April 2015 high was also broken. That came in at 0.71258. The price came off both those levels on Thursday.

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