NZD/USD view for the week ahead – support & resistance levels, Trend appears lower,

Technical Analysis

Brief remarks via Kiwi Bank in New Zealand on the New Zealand dollar wee ahead:

  • We see the NZD supported on the downside to 0.6250 now, with lower
    levels from there requiring a break of the key 0.6238 technical
    level. While we have some support at 0.6400 with 0.6370 as the first
    level of downside support, the trend certainly appears to be lower
    for now.
  • In terms of the upside, for now we see NZDUSD capped at
    0.6550/0.6600.

NZD/USD weekly candles:

NZDUSD 09 May 2022 22

Articles You May Like

USD/CAD gains momentum above 1.4300 ahead of Fed Chair Powell’s testimony
Panama Canal authority says its made no change to canal fees
US inflation data in focus but will Trump tariffs steal the thunder?
Costco trades to a new all-time high What next technically?
Geopolitics: Iran’s UN envoy says trump threatening use of force is alarming/irresponsible

Leave a Reply

Your email address will not be published. Required fields are marked *