NZD USD Dropped to low session
9/26/2017 8:56:25 AM
During Forex market activities, the NZD/USD pair stayed under slight selling pressure and has now fell to near 1/5 week lows, in the 0.7234 area.
Immediate support is fixed near 0.7212-17 area, below which the pair is probable to speed up the slide towards 0.7177 intermediate support before finally falling to the very important 150-day EMA support near the 0.7155-47 area.
On the upside, any recovery efforts might now provoke immediate persistence near 0.7262-67 zone, which if cleared could boost the pair back beyond the 0.7310 handle towards 50-day EMA strong barrier near the 0.7327-38 area.
FOREX market analysis by FxErvin.