NZDUSD: Declines Further On Corrective Pullback

NZDUSD: The pair looks to build on its Friday correction in the new week as it saw price weakness during early Monday trading session today. Support lies at the 0.7300 level. Further down, the 0.7250 level comes in as the next downside target. Conversely, resistance resides at the 0.7400 level where a break will aim at the 0.7450 level. A break of here will have to occur to create scope for a run at the 0.7500 level. Further out, resistance stands at the 0.7550 level. All in all, NZDUSD faces further downside pressure

NZDUSD

 

Interested in NZDUSD technicals? Check out the key levels

    1. R3 0.7437
    2. R2 0.7417
    3. R1 0.7386
  1. PP 0.7366
    1. S1 0.7335
    2. S2 0.7315
    3. S3 0.7284

 

This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report.