The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD reversed from resistance zone
2019-11-11 • Updated
- NZD/USD reversed from resistance zone
- Next sell target - 0.7180
NZD/USD recently reversed down from the resistance zone lying between the key resistance level 0.7400 (which has been reversing the price from the end of January) and the upper daily Bollinger Band. The resistance level 0.7400 is the upper boundary of the sideways price range inside which the pair has been trading from January. NZD/USD is expected to fall toward the next sell target at the next support level 0.7180 (lower boundary of this price range).
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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