NZDUSD Technical Analysis on 24H Time Frame
Publish Date : 2019/09/24 - 10:56

We emphasized yesterday that further sustained decline is unlikely and we expect NZD to be traded on sideways within a 0.6250/0.6290 range.

Later on, NZD has been traded between 0.6258 and 0.6299 before ending the day at 0.6291. NZD is expected to trade a slightly higher about 0.6275/0.6320.

As a result, NZD has to go back above 0.6320 (Its strong resistance was at 0.6345 last Friday) in order to specify that the current downward pressure has tone downed.

Source: ForexChurch

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