geewilson

NZDUSD Support becoming Resistance

Short
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Are we seeing support becoming resistance with NZD, continuing falls in the commodity price has to put pressure on the NZD and push it down to a more realistic value around 0.72. Selling at the 0.75 level may not be a bad option, aiming for the resistance level of 0.725 seen in March.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.