NZD/USD technical analysis: 127% extension comes in at the 0.6270s

The NZD/YSD has tried to correct from a strong downtrend and but bulls struggle through 0.65 the figure.
The 0.6480 is a key support ahead of the Oct 2018 lows in the 0.6420s.
MACD leans bearish.
Further below, a 127% extension comes in at the 0.6270s, in line with Autumn 2015 levels.
Both long-term and short-term stochastics are oversold and some consolidation could be expected.
On a break of 0.6550, a 50% mean reversion to 0.6580 could be on the cards.

Ross J Burland FXStreet

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Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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