Short NZD/USD break below 0.6760, target 0.67
NZD/USD slips below 0.68 handle, is currently trading around 0.6770 levels.
The pair finds strong support at 0.6760,breaks below will see test of 0.6707 (cloud base).
The pair has broken minor trendline support at 0.6798 and technical indicators support downside.
Resistance is located at 0.6800, above which it could extend gains to 0.6848 (double top May 5th and 12th).
Pair is currently holding major support located at 0. 6760 (Trendline).
Markets now await the FOMC minutes due later today for further cues on the major.
Go short on break below 0.6760, SL: 0.68, TP: 0.67/0.6675
The pair finds strong support at 0.6760,breaks below will see test of 0.6707 (cloud base).
The pair has broken minor trendline support at 0.6798 and technical indicators support downside.
Resistance is located at 0.6800, above which it could extend gains to 0.6848 (double top May 5th and 12th).
Pair is currently holding major support located at 0. 6760 (Trendline).
Markets now await the FOMC minutes due later today for further cues on the major.
Go short on break below 0.6760, SL: 0.68, TP: 0.67/0.6675