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NZD/USD Daily Technical Analysis | 2 November 2017

2017-11-02 08:43 am | Resource: Technical Analysis Section | No Views : 135

NZD/USD rebounded from 0.6879 during the US session yesterday, and currently failed to breach the level of 0.6950 as a result of weaker buyers in the New Zealand currency.

NZD/USD Daily Technical Analysis | 2 November 2017

The pair is still trading in a bullish direction.
The RSI 14 is still trading in a bullish direction and currently shows a negative technical deviation in formation.
It is expected that if the New Zealand currency crosses against the US currency, the level of 0.6950 might target 0.7007 on the other side in case, a break of 0.6879 could target the pair at 0.6817.
Support: 0.6879- 0.6819 - 0.6751
Resistance: 0.6950- 0.7007 - 0.7120
Trend: Up


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