FX.co ★ Technical analysis and trading recommendations for the NZD / USD currency pair as of April 16, 2018

The currency pair NZD / USD, having reached the range of 0.7400 (0.7400 / 0.7430), felt a periodic ceiling, slowing down the movement and as a fact forming a retracement with subsequent stagnation. Now, we see a wagging within 0.7340 / 0.7360, two-digit candles. Probably assume further wagging, wherein the case of fixing the price below 0.7340 it is possible to consider the move to 0.7300 / 0.7250. Otherwise, the fluctuation 0.7340 / 0.7430 will be delayed.

Key Levels

Resistance zones: 0.7430; 0.7550.

Support zones: 0.7340; 0.7250.

Attention: Forecasts are not a direct guide to action!