fbpx

NZDUSD is moving bearish toward the next support

On the Weekly view, NZDUSD is trading below the major resistance zone at 0.6850. This area worked as support previously that has been broken successfully on August 2018. After retesting it several times the pair is again moving bearish. The pair will remain bearish as long as the price trades below this level.

On the daily chart, the pair break the previous low at 0.6585 and now trading below the level. The nearest support at 0.6425 and now the pair is heading towards the next support which is 0.6425.

Menu