NZD/USD Extends Bearish Pressure On Price Sell Off
FXTechstrategy Team | Dec 12, 2018 10:09AM ET
NZD/USD extends bearish pressure on price sell off with more decline expected towards 0.6800 support. Further down, support stands at the 0.6750 level. Further down, the 0.6700 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6850 level where a break will turn attention to the 0.6900 level. A break off here will have to occur to create scope for a move towards the 0.6950 level. Further out, resistance stands at the 0.7000 level. All in all, NZD/USD faces further downside pressure on sell off.
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