Technical analysis of NZD/USD 09/17/2020
The NZD/USD currency pair has broken through the 0.6500 resistance zone, which coincides with the MA100 and the upper line of the downtrend on the weekly chart. The pair found the next resistance at the 0.6800 level, which coincides with MA200. If the quotes go and consolidate above 0.6800, this will give reason to assume a change in the uptrend with the nearest potential target in the 0.7400 area. Convergence on the RSI indicator is in favor of the version of the growth of the pair. Cancellation of the option for the development of the growth of the pair will be a decrease in quotations below 0.6500.
Created by Joshua Hayn