
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
2019-11-11 • Updated
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.
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
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