HomeContributorsTechnical AnalysisNZDUSD Faces More Strength With Risk Towards 0.6695 Level

NZDUSD Faces More Strength With Risk Towards 0.6695 Level

NZDUSD faces more strength as it saw a rally on Thursday. Resistance resides at the 0.6700 level where a break will turn attention to the 0.6750 level. A break of here will have to occur to create scope for a move towards the 0.6800 level. Further out, resistance stands at the 0.6850 level. Its daily RSI is bullish and pointing higher suggesting further strength. Support stands at the 0.6600 level. Further down, the 0.6550 level comes in as the next downside target. All in all, NZDUSD faces further upside pressure.

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FXAssurehttps://www.fxassure.com/
Mohammed Isah is a co-founder, technical strategist and head of research at FXAssure.com. He has been trading and analyzing the foreign exchange market for the past 7 years. He formerly traded stocks before crossing over to the forex market where he worked for FXInstructor LLC as a technical analyst and head of research before Joining FXassure.com.

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