07 Apr
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.
