NZD/USD remains directionless in the short-term
NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
NZD/USD reversed from resistance zone
- NZD/USD reversed from resistance zone
- Next sell target - 0.7130
NZD/USD continues to fall sharply after the earlier downward reversal from the resistance zone lying between the key resistance level 0.7370, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp downward ABC correction (2) from July. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. NZD/USD is expected to fall to the next sell target at the next support level 0.7130 (low of the previous correction (2)).
Dmitry Chernovolov
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