NZDUSD Faces More Strength On Corrective Upside Pressure
NZDUSD faces more strength on corrective upside pressure as more gain is likely in the days ahead. Resistance comes in at the 0.6750 level where a break will turn attention to the 0.6800 level. A break of here will have to happen to create scope for a move higher towards the 0.6850 level. Further out, resistance resides at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support stands at the 0.6700 level. Further down, the 0.6650 level comes in as the next downside target and then the 0.6600 level. All in all, NZDUSD faces further upside pressure on bull pressure.
NZDUSD faces more strength on corrective upside pressure as more gain is likely in the days ahead. Resistance comes in at the 0.6750 level where a break will turn attention to the 0.6800 level. A break of here will have to happen to create scope for a move higher towards the 0.6850 level. Further out, resistance resides at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support stands at the 0.6700 level. Further down, the 0.6650 level comes in as the next downside target and then the 0.6600 level. All in all, NZDUSD faces further upside pressure on bull pressure.
