NZDUSD Dropped Below Important Support-Zone

Discussion in 'Technical Analysis' started by Kaitlin, Feb 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    On Friday, better than expected US GDP propelled the US Dollar to gain across the board. The NZDUSD, not being an exception, portrayed the USD strength by reversing from 0.6775-80 resistance-zone and dropped below the 0.6630-25 support-area, encompassing 50-day SMA and a month old ascending trend-channel support, during early Monday.[​IMG]

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