HomeContributorsTechnical AnalysisNZDUSD Recovers Higher Towards 0.6698 Resistance Zone

NZDUSD Recovers Higher Towards 0.6698 Resistance Zone

NZDUSD recovers higher towards 0.6698 resistance zone as the pair holds on to its upside pressure. Resistance comes in at the 0.6700 level where a break will turn focus to the 0.6750 level. A break of here will have to happen to open the door for a move towards the 0.6800 level. Further out, resistance stands at the 0.6850 level. On the downside, support lies at the 0.6700 level. Further down, the 0.6750 level comes in as the next downside target. And then the 0.6800 level. All in all, NZDUSD faces further upside pressure on further corrective recovery.

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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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