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geewilson geewilson NZDUSD, 240, Short ,
NZDUSD: NZDUSD Support becoming Resistance
13 0 1
NZDUSD, 240 Short
NZDUSD Support becoming Resistance

Are we seeing support becoming resistance with NZD, continuing falls in the commodity price has to put pressure on the NZD and push it down to a more realistic value around 0.72. Selling at the 0.75 level may not be a bad option, aiming for the resistance level of 0.725 seen in March.

geewilson geewilson NZDUSD, 240, Short ,
22 1 1
NZDUSD, 240 Short
NZD/USD Bearish

We can see the NZD/USD has not pushed through the 0.76 level the past two weeks. This technical analysis combined with the fundamental down turn of the dairy market have set up a trading opportunity to sell at the 0.76 level. The NZD/USD is overvalued at this current time and we should see the currency move towards the lower 0.72 region. Interest rates are ...

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