Gordonm612

NZDUSD Daily Analysis

FX:NZDUSD   紐元 / 美元
5
Last week i expected the pair to either continue inside the wedge formation or break the bottom and find daily support at 0.68600. The pair currently sits at 0.68587 just below daily support. If we see a continuation of this down move with the assistance of strong US data, my next level to watch for is the .68000 area followed by .66770 and then finally .65670. If data is weak, we could see a rebound here off of support and a head north towards 0.69300, followed by 0.69800 and then strong resistance at 0.70510.
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