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NZD/USD Daily Technical Analysis | 27 October 2017

2017-10-27 09:53 am | Resource: Technical Analysis Section | No Views : 434

NZD/USD is still trading in a bearish direction over the hourly interval as the pair continued to pressure the pair continuously, breaking the 0.6879 level.

NZD/USD Daily Technical Analysis | 27 October 2017

It should be noted that the SMA 20 has returned to trade in a bearish direction.
RSI 14 is trading in a bullish direction against the pair as a result of the weakening of the buyers' intention and we recommend not trading until the indicators agree with the pair.
It is expected that if NZD crosses against USD, the level of 0.6819 could target 0.6751 on the other side, if the breach of 0.6840 could target the pair at the level of 0.6887.
Support: 0.6819 - 0.6751 - 0.6704
Resistance: 0.6879- 0.6950- 0.7007
Trend: neutral


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