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NZD/USD Daily Technical Analysis | 9 February 2018

2018-02-09 09:14 am | Resource: Technical Analysis Section | No Views : 284

Our neutral view of NZD/USD as a result of the consolidation phase of the pair below the 0.7220 area on the 60 minute interval.

NZD/USD Daily Technical Analysis | 9 February 2018

The SMA 20 is neutral as a result of overlapping with the movement of the pair.
Relative Strength Index 14 We viewed it as neutral as trading between 50.98 and 42.15 areas.
It is expected that if the NZD crosses against the US currency, the levels of 0.7192 might target the level of 0.7120, while in case of a breach of 0.7240, the pair might target 0.7300.
Support: 0.7151- 0.7120 - 0.7050
Resistance: 0.7220 - 0.7261 - 0.7342
Trend: neutral


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