NZDUSD Technical Analysis: Weekly Chart
In the weekly charts, NZDUSD was trading in a down channel. NZDUSD is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 0.6387 & the resistance level is at 0.6520.
NZDUSD was trading in the down channel before there is breakout downside.
NZDUSD Technical Analysis: Daily Chart
In the daily charts, NZDUSD is trading in an up channel. NZDUSD is currently trading above 20 days SMA & below 50 and 100 days SMA.
RSI is in the overbought zone which indicates mild bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 0.6412 & the resistance level is at 0.6508.
NZDUSD will trade in the up channel until there is trend reversal.
How to Trade NZDUSD this Week:
NZDUSD will follow the downtrend until its trend reversal. So, remain bearish on NZDUSD.
