The NZD/USD currency pair returned to the periodic level of 0.6900 at the end of the trading week. This outlines the possible end of the correction. Currently, the price shows a clear barrier to itself and signals a clear stagnation with a pullback as it positioned against a cluster of Fibo level 61.8 and a value of 0.6900. The "bears" will probably take advantage of the current situation to build up short positions and gradually return to a downward movement in the market.
Key Levels
Resistance zones: 0.6900; 0.7000; 0.7150.
Support zones: 0.6816; 0.6700; 0.6580.
Signals
- Purchasing the pair is recommended after a clear fixation of the price higher than 0.6920, with the prospect of moving towards 0.6965.
- Selling the pair is recommended at a price below 0.6865, with the prospect of moving towards 0.6816.
Draw your attention: Predictions are not a direct guide to action!