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NZD/USD Daily Technical Analysis | 25 October 2017

2017-10-25 09:08 am | Resource: Technical Analysis Section | No Views : 181

NZD/USD is trading in a bearish direction and the pair is breaching 0.6939 during morning trading. The SMA 20 is trading in a bearish direction.

NZD/USD Daily Technical Analysis | 25 October 2017

The RSI 14 is trading in a bearish trend due to weakness in the pair, and the ADX is still negative across its red and green indices
It is expected that if NZD crosses against USD, the level of 0.6879 might target 0.6819 on the other side in case the positive price behavior is 0.6879 and the pair might target 0.6950.
Support: 0.6879- 0.6819 - 0.6780
Resistance: 0.6950- 0.7007- 0.7111
Trend: Down

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