HomeContributorsTechnical AnalysisNZDUSD Intraday Analysis

NZDUSD Intraday Analysis

NZDUSD (0.6999): The New Zealand dollar continues to trade flat after price action breached past the resistance level 0.6981. This level is now expected to act as support and any declines are expected to be testing this level in the short term. To the upside, the bullish momentum is expected to push the kiwi dollar towards the 0.7062 level of resistance. However, further gains can be expected if the consolidation breaks out to the upside. Price action will need to close above the previous highs formed at 0.7022.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading