MTrading_Global

NZDUSD Testing Important Resistance

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Following its bounce from 0.6250-40 support area , the NZDUSD             managed to mark the highest level since late-August; however, 0.6490 - 0.6500 horizontal resistance restricted further advances by the pair on Monday. Should the pair breaks 0.6500 on a closing basis, chances of its rally to 0.6700 important resistance region can't be denied; though, 0.6595 - 0.6600 can act as intermediate resistance for the pair.

Alternatively, a pullback from the current level can quickly make the pair test 0.6400 and 0.6300 consecutive support levels prior to re-testing 0.6250-40 support-zone. Given the pair's inability to hold the declines near 0.6240, the pair becomes vulnerable to test 0.6100 area.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out