NZD/U.S. dollar breaks longterm barrier at 0.63450

Denis Joeli Fatiaki Independent Analyst

NZD/USD -New Zealand dollar has breached a critical barrier at 0.63450 on Thursday 17-10-2019 and continued its uptrend on Friday 19-10-2019. The New Zeland dollar pushed through towards the middle of the long term price channel and ended the weeks trading session at 0.63837.
The next short to medium term target is estimated at around 0.6420, followed by 0.64780.

Support: 0.63450, 0.62940, and 0.62570
Resistance: 0.64280, 0.64780, 0.65155, and 0.65620

Author

Denis Joeli Fatiaki

Independent Analyst

Denis Joeli Fatiaki possesses over a decade of extensive experience as a multi-asset trader and Market Strategist.

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