NZDUSD Nears Resistance from Last Week’s High at 8000
Prepared by Jamie Saettele, CMT
The NZDUSD is in the same situation as the AUDUSD. The bearish implications from RSI across time frames from weekly to hourly apply to the NZDUSD as well as the AUDUSD. 8000, which is defined by the 7/2, 7/3 lows and 7/11 high, is likely strong resistance if reached. Dropping below 7935 would restore confidence in the downside.
LEVELS: 7860 7935 7959 8000 8030 8075
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.