NZD/USD Technical Analysis: Kiwi goes for bull reversal attempt after 2018 low’s test
|- NZD/USD has tested the former 2018 low at 0.6854 on Thursday as bulls are trying to form a double bottom.
- NZD/USD bulls have broken to the upside from the wedge formation suggesting higher prices in the coming sessions.
- Targets to the upside can be located near the 0.6900-0.6923 area figure and supply/demand level and then near 0.6960, June 1 low.
NZD/USD 15-minute chart
Spot rate: 0.6878
Relative change: 0.21%
High: 0.6883
Low: 0.6825
Trend: Neutral to bullish above 0.6854
Resistance 1: 0.6900-0.6923 area figure and supply/demand level
Resistance 2: 0.6960, June 1 low
Resistance 3 0.7000 figure
Support 1: 0.6854, former 2018 low
Support 2: 0.6816 December 1, 2017 low
Support 3: 0.6780, 2017 low
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