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Kiwi breaks major trend line support, targets 0.6650

NZD/USD has broken major trend line support around 0.6760 (trend line joining 0.6299 and 0.6380) and break below confirms minor weakness , a decline till 0.6650/0.6620 is possible. On the higher side major resistance is …

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Kiwi breaks major trend line support, targets 0.6650
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NZD/USD has broken major trend line support around 0.6760 (trend line joining 0.6299 and 0.6380) and break below confirms minor weakness , a decline till 0.6650/0.6620 is possible.

  • On the higher side major resistance is around 0.6825 and break above targets 0.6865/0.6885.

It is good to sell on rallies around 0.6755-60 with SL around 0.6820 for the TP of 0.6650/0.6620.

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