Technical analysis of NZD/USD 07/18/2019

NZD/USD has broken through resistance at the level of 0.6720 and is currently moving to the next resistance at 0.6765, which coincides with 61.8% Fibo. There is reason to assume a rebound from 0.6765 and a resumption of the downward movement with a target below 0.6500.
Cancellation of the fall of the pair will be further growth and the breakdown of resistance in the area of 0.6770. This will indicate a breakdown of 61.8% Fibo, which may mean a change in trend with further growth above 0.6900.

NZDUSD_STPDaily

 

Created by Joshua Hayn

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