NZDUSD Holds Strong Support

Discussion in 'Technical Analysis' started by Kaitlin, Jan 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    While 200-day SMA limited the NZDUSD upside during late-December, the pair currently holds 0.6600 – 0.6590 important support, including 100-day SMA, four-month old ascending trend-channel support 23.6% Fibonacci Retracement of its April – September downside, favoring a bounce to 0.6700 immediate resistance. Though, pair's further up-move beyond 0.6700 can[​IMG]

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