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NZD/USD Daily Technical Analysis | 1 February 2018

2018-02-01 09:26 am | Resource: Technical Analysis Section | No Views : 262

Our neutral view of NZD/USD as a result of the lack of confirmation of breaking the minor ascending trend line which occurred during the trading session yesterday after the failure of the breach of 0.7401.

NZD/USD Daily Technical Analysis | 1 February 2018

The SMA 20 is bearish.
RSI 14 does not take a clear direction as it trades around the 50 area.
It is expected that if the New Zealand currency crosses against the US currency 0.7342 levels may target the level of 0.7298 on the other side, if breached 0.7389, the pair might target 0.7454.
Support: 0.7342 -0.7261- 0.7151
Resistance: 0.7401- 0.7454- 0.7484
Trend: Up

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