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NZD/USD Daily Technical Analysis | 6 November 2017

2017-11-06 10:05 am | Resource: Technical Analysis Section | No Views : 179

NZD/USD is trading in a bearish direction over the hourly interval as a result of breaking the ascending trend line and confirming the break below 0.6912 and the 20 SMA is currently trading in a bearish direction.

NZD/USD Daily Technical Analysis | 6 November 2017

RSI 14 broke the bullish trend line during Alstreet trading on Friday, currently the index is moving towards 30 zones.
It is expected that if NZD crosses against USD, the level of 0.6879 might target 0.6819 on the other side in case of a breach of 0.6912, the pair might target 0.6979.
Support: 0.6879- 0.6819 - 0.6751
Resistance: 0.6950- 0.7007 - 0.7120
Trend: Down


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