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NZD/USD Daily Technical Analysis | 15 September 2017

2017-09-15 09:29 am | Resource: Technical Analysis Section | No Views : 188

NZD/USD rebounded from levels close to the second support at 0.7168 with the start of the US session yesterday, and then came back and breached the 0.7216 level of the neutral range that the pair has returned to trade.

NZD/USD Daily Technical Analysis | 15 September 2017

The RSI 14 broke through the bearish trend line during today's Asian session as a result of the buyers' pressure on the pair, which led to trading at the 50 level, and the index is positively intersecting with its red and green index.
It is expected that, as long as NZD/USD is trading at the highest level of 0.7216 it may target 0.7320 while in the case of a break of 0.7205 may target 0.7168
We do not recommend opening positions for targets greater than 0.7320 to break through the first resistance.
Support: 0.7205 - 0.7168 - 0.7132
Resistance: 0.7336 - 0.7374 - 0.7401
Trend: neutral

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