NZDUSD: Testing critical resistance area.
NZDUSD tested the critical resistance area at 0.7100 during the Asian session where sellers emerged. We believe that a larger correction could be unwind from here. The break of 0.7065 will give cofirmation.
Initial short term targets are 0.7045 and 0.7020. But as we see from the daily chart that follows, the correction from this resistance could be deeper. Our main target will be 0.6980-00.
Initial short term targets are 0.7045 and 0.7020. But as we see from the daily chart that follows, the correction from this resistance could be deeper. Our main target will be 0.6980-00.