FX.co ★ Technical analysis and trading recommendations for the NZD/USD currency pair as of August 22, 2017

The NZD/USD currency pair, having approached the range resistance level of 0.7340, felt a periodic ceiling above itself, thereby slowing down the movement and providing an attractive short position. Now we see impulsive downward candles, where the quotation is already smoothly fixed below the value of 0.7300. It is possible to assume that the "bears" will continue to hold the market, sending the quotation to the values of 0.7260 / 0.7200, where one should expect the return of buyers to the market.

Key levels

Resistance zones: 0.7340; 0.7550; 0.7700

Support zones: 0.7200 (+/- 20p); 0.7050

Signals

- Buying a pair is recommended after the resumption of "bullish" interest, probably after a clear fixation of the price above 0.7340 or after stopping at 0.7260 / 0.7200.

- It is recommended to sell a pair at a price of 0.7285, with the prospect of a move to 0.7260 / 0.7200.

Attention: Forecasts are not a direct guide to action!