NZD versus USD forex Trading News
1/26/2017 12:36:04 PM
The NZD versus USD dwindled positive NZ CPI-led upbeat spike to half month top, beyond 0.7315 handle, among moderate dollar recovery move.
A follow through selling pressure is probable to expand the retracement back towards 0.7237 support, on the way 0.7217 support area. A clear break below 0.7217 support might turn the pair at risk to correct additional towards 0.7158 horizontal support.
On the upside, 0.7305 handle now becomes immediate persistence above which the pair is expected to head towards 0.7344 intermediate persistence, on the way 0.7405 strong hurdle.
FOREX Fundamental Analysis by:
FxErvin
