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 reversed from resistance level 0.7000
2019-11-11 • Updated
- NZD/USD reversed from resistance level 0.7000
- Next sell target - 0.6800
NZD/USD recently reversed down from the former strong support level 0.7000 (which reversed the price with the daily Morning Star at the start of April, as can be seen below) – acting as resistance level after it was broken earlier this month. NZD/USD is expected to fall further toward the next sell target at the next support level 0.6800 (former multi-month low from November of 2017).
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