FxWirePro
Long

Kiwi trades above 0.6600, jump till 0.67 is possible

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
217 0 3
NZD has recovered slightly from the low of 0.64970 after the country's PM expressed caution about scale of the currency's recent fall. Kiwi recovered till 0.6605 level.

New Zealand Prime Minister John Key said yesterday that the currency's 25 percent fall over the last year had been faster than expected.

Technically major support is around 0.6540 and any intraday weakness can be seen only below that level. The minor support is at 0.6570 level.

On the higher side minor resistance is around 0.6635 and break above will take the pair further up till 0.6710 in short term.

It is good to buy at dips around 0.6580 with SL around 0.6540 for the TP of 0.6635/0.6700

United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out