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NZD/USD Daily Technical Analysis | 4 September 2017

2017-09-04 08:30 am | Resource: Technical Analysis Section | No Views : 171

NZD/USD pair is still trading in a bearish direction, but is in a losing direction due to the pair forming higher than the top and bottom of the pair, so our view of the pair is neutral.

NZD/USD Daily Technical Analysis | 4 September 2017

RSI 14 is still trading in a bullish direction and is currently touching the trend line. We are monitoring the coming hours. What will happen? A bounce or a break and the index is generally trading in a bearish direction over the hourly interval.
It is expected that if the New Zealand currency crosses against the US currency, the level of 0.7174 might target 0.7212, where the pair will gain the momentum. In case of a break the pair to 0.7132 might target the 0.71110 level.
Support: 0.7132 - 0.71110 - 0.7056
Resistance: 0.7174 - 0.7212 - 0.7293
Trend: neutral

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