FxWirePro
Short

NZDUSD bias lower, short rallies for 0.7020

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
144 0 6
NZD/USD             under pressure in the Asian session so far, unable to sustain the post-Brexit recovery above 0.71 handle.

Poor Chinese data and a major Yuan devaluation weigh on the Kiwi, while oil             benchmarks trading moderately lower offer no support.

NZD/USD             sharply lower from fresh session highs of 0.7114, finds minor trendline support at 0.7045.

The pair has recovered slightly from lows and is currently trading around 0.7067, Doji formation seen on daily chart till now.

Intraday bias is lower, momentum studies are bearish , break below 0.7045 will darg the pair lower.

Supports are seen at 0.7045 ( trendline ), 0.7020 (20-DMA), and then 0.6970 (June 24th low).

Resistance is located at 0.71, 0.7114 (session high) and then 0.7123 (June 10th high).

Good to sell rallies around 0.7080/85, SL: 0.7170, TP: 0.7020/ 0.70/ 0.6970
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out