Short NZD/USD break below 0.7080, target 0.7016

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
225 0 6
NZD/USD             has opened lower after series of large earthquakes that struck central New Zealand overnight and the following Tsunami warnings.

The pair is holding above major support at 0.7080 levels, break below to see further downside.

Technical studies are bearish , RSI weakness at 39 levels, MACD shows bearish crossover.

Major support levels - 0.7080 ( trendline & 50% Fib), 0.7034 (Oct 13 low), 0.7016 ( 200-DMA             ), 0.6985 (61.8% Fib)

Major resistance levels - 0.71, 0.7175 (38.2% Fib), 0.72, 0.7211 (20-DMA)

Retail sales data due out from both the US and New Zealand due tomorrow in focus for further momentum.

At 0925 GMT             FxWirePro's Hourly Currency Strength Index stood as follows: USD: + 97.5137(Slightly Bullish ), NZD: -119.779 (Highly Bearish )

Good to go short on clear break below 0.7080, SL: 0.7130, TP: 0.7035/ 0.7016/ 0.6985
Comment: All targets hit.

NZD/USD downside halts at 61.8 % Fib at 0.6985. Break below to see further drag.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out