1
876
- "NZD/USD broke below the March-April advance at .6800 on Tuesday to trade at its lowest level in over 5-years"
- Weekly price is below 100-period SMA and 200-period SMA for bearish breakdown
- Daily price is below 100-day SMA and 200-day SMA for bearish market condition
- Weekly price is breaking Fibo key support at 0.6693 for the breakdown to be continuing
- RSI indicator is estimating the breakdown with oversold condition
- "A daily close back above .6955 would turn us positive on the kiw"
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
---|---|---|---|---|---|
NZD/USD | .6700 | .6750 | .6770 | .6800 | .6955 |