NZD/USD broke support level 0.718

NZD/USD broke support level 0.718

2019-11-11 • Updated

  • NZD/USD broke support level 0.718
  • Next sell target - 0.7000

 NZD/USD recently broke the support level 0.7180 (which is the lower boundary of the sideways price range inside which the pair has been trading from January, as can be seen below). The breakout of the support level 0.7180 should strengthen the bearish pressure on this currency pair in the coming trading sessions. NZD/USD is expected to fall toward the next sell target at the next round support level 0.7000. Strong resistance now stands at 0.7180.

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