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NZDUSD Remains Under Pressure, Closes In On 0.6707/37 Region

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    NZDUSD - With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level where a break will turn attention to the 0.6700 level. Further down, the 0.6650 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.6850 level where a break will aim at the 0.6900 level. A break of here will

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