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NZD/USD fell into a range shortly after the March Fed meeting with buyers stepping in on dips below the 0.7000 handle and sellers capping rallies around 0.7050.The cross rates provide a bearish bias that suggests a higher probability of a downside break in NZD/USD. On an hourly chart, a declining channel has encompassed price action over the past week. Channel resistance falls near highs posted earlier today, around 0.7015. A sustained break of horizontal support at 0.6991 would signal a bearish…
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NZD/USD
NZD/USD
The NZD/USD pair initially tried to rally during the course of the week,
High Level 0.79270
Low Level 0.77626
The NZD/USD pair initially tried to rally during the course of the week,
High Level 0.79270
Low Level 0.77626