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NZD/USD intraday outlook

Pair remains well supported below 0.6750 marks. It made intraday high at 0.6645 and low at 0.6611 levels. Intraday bias remains bearish till the time pair holds key resistance at 0.6670 levels. On the other side, a break…

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NZD/USD intraday outlook
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  • Pair remains well supported below 0.6750 marks.
     
  • It made intraday high at 0.6645 and low at 0.6611 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 0.6670 levels.
     
  • On the other side, a break below minor support levels at 0.6605 will take the parity towards 0.6528 and 0.6347 levels thereafter.


We prefer to take short position in NZD/USD around 0.6630, stop loss $0.6750 and target $0.6528 levels.

 

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