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IlyaSpivak

NZD/USD on the Verge of Breakdown, May Test Below 0.68 Next

Short
New Zealand Dollar / U.S. Dollar (FX_IDC:NZDUSD)  
IlyaSpivak  
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance NZDUSD NZD
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supportandresistance nzdusd nzd
NZD/USD is on pace to break support in the 0.6923-43 zone. Confirmation on a daily closing basis looks likely to expose the 0.6758-98 area. Neutralizing selling pressure probably requires a push through back-to-back resistance running up through 0.7138.
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