NZD/USD Price Analysis: Sidelined after rejection at 0.70

NEWS | 2 minutes ago | By Omkar Godbole

  • Share on Twitter
  • Share on Facebook
  • Share on Linkedin
  • NZD/USD in statsis as daily chart shows uptrend fatigue. 
  • A pullback to widely-followed SMA support may be seen. 

NZD/USD is currently trading in a sideways manner near 0.6975, having faced rejection at the psychological hurdle of 0.70 on Tuesday. 

The 14-day relative strength index is reporting overbought conditions with an above-70 print. The MACD histogram is producing smaller bars above the zero line in a sign of weakening of the upward momentum. 

As such, the pair could pull back to the 10-day Simple Moving Average (SMA), currently at 0.6910. A close below the average would neutralize the immediate bullish view. 

On the higher side, 0.70 is the level to beat for the bulls. 

Source from

Komen anda

Scroll to Top
Ada pertanyaan mengenai Weltrade? Hubungi team kami melalui WhatsApp di bawah atau melalui email kami [email protected].