FX.co ★ Technical analysis and trading recommendations for the NZD/USD currency pair as of April 26, 2018

The NZD/USD currency pair shows a truly high descending interest for eight trading days as the quote went over 300 points, leaving behind only the pulse candles without any kickbacks. Now we continue to observe the "bear" interest as it is already in the value of 0.7060. It is possible to assume the progressing overheating of short positions, which, obviously, will lead to a full correction. A possible support point is the psychological level of 0.7000, where it is already likely to be stagnant near it with the resumption of a "bullish" interest.

Key Levels

Resistance zones: 0.7180; 0.7250 *; 0.7340 *; 0.7430; 0.7550.

Support zones: 0.7000; 0.6810

* Periodic level

Draw your attention: Predictions are not a direct guide to action!