NZDUSD Technical Analysis: Weekly Chart

In the weekly charts, NZDUSD is trading in an up channel.

It is trading below 50 days SMA & above 5 and 20 days SMA.

The immediate support is 0.6802 & the resistance level is at 0.6939.

NZDUSD is trading in the up channel until there is trend reversal.

NZDUSD Technical Analysis: Daily Chart

In the daily charts, NZDUSD is trading in a down channel.

It is trading below 20 days SMA & above 5 and 50 days SMA.

The immediate support is 0.6862 & the resistance level is 0.6911.

NZDUSD is trading in the down channel until there is trend reversal . 

How to Trade NZDUSD this Week:

NZDUSD will follow the downtrend until their trend reversal. So, remain bearish on NZDUSD.

TRADE SUGGESTION- SELL AT 0.6891, TAKE PROFIT AT 0.6862 AND STOP LOSS AT 0.6911