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NZDUSD: Faces More Downside Threats On Pullback

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    NZDUSD - Having continued to remain vulnerable, NZDUSD faces more downside threats. Support lies at the 0.6600 level where a break will aim at the 0.6550 level. Further down, the 0.6500 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.6650 level where a break will aim at the 0.6700 level. A break of here will have to occur to create scope for a run at the 0.6750 level. Further out,

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