HomeContributorsTechnical AnalysisNZDUSD Faces More Strength On Corrective Upside Pressure

NZDUSD Faces More Strength On Corrective Upside Pressure

NZDUSD faces more strength on corrective upside pressure as more gain is likely in the days ahead. Resistance comes in at the 0.6750 level where a break will turn attention to the 0.6800 level. A break of here will have to happen to create scope for a move higher towards the 0.6850 level. Further out, resistance resides at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support stands at the 0.6700 level. Further down, the 0.6650 level comes in as the next downside target and then the 0.6600 level. All in all, NZDUSD faces more strength on corrective 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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