NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
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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