Technicals

Add as a preferred source on Google

FxWirePro: NZD/USD slips below 0.73 handle, major support at 0.7260, good to go short on break below

Kiwi bears relentless amid broad based US dollar rebound and weaker commodities, particularly oil. NZD/USD slips below 0.73 handle to trade 0.48 percent weaker on the day. The pair has broken 20-DMA support at 0.7308 and…

1 min read
FxWirePro: NZD/USD slips below 0.73 handle, major support at 0.7260, good to go short on break below
Image from the original EconoTimes article

Read the original article

  • Kiwi bears relentless amid broad based US dollar rebound and weaker commodities, particularly oil.
     
  • NZD/USD slips below 0.73 handle to trade 0.48 percent weaker on the day.
     
  • The pair has broken 20-DMA support at 0.7308 and is on track to test 50-DMA at 0.7224.
     
  • Major support levels - 0.7260 (trendline), 0.7224 (50-DMA), 0.72, 0.7164 (Aug 15 low)
     
  • Major resistance levels - 0.73, 0.7308 (20-DMA), 0.7325 (July 12 high), 0.7369 (Sept 22 high)
    ​

Recommendation: Good to  go short on break below, SL: 0.73, TP: 0.7220/ 0.72/ 0.7164/ 0.71
 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560