After hitting a new monthly high at 0.7524, the pair is correcting on the downside after the reduction in the demand for riskier assets. The pair is now trading at 0.7415 dollars per New Zealand dollar. The pair is consolidating with the 50 days MA, while the Bands of Bollinger show a volatility of 75 pips.The RSI shows the pair is on neutral ground. If the trend remains to the downside, the next support is at 0.7425, while the resistance is at 0.7468 (200-days MA).
Join the Discussion