- NZD/USD bears tighten grip below 0.68 handle, pair capped below 10-DMA at 0.6807, mometum studies bearish.
- RSI is biased south, Stochs have rolled over from overbought zone and the MACD line is on the verge of a bearish crossover on signal line.
- Immediate resistance is seen at 0.6807 (10-DMA) ahead of 0.6843 (5-DMA). While supports are located at 0.6720 (Mar 22nd lows) and then 0.6680 (Dec 17th lows).
- Our short call (http://www.econotimes.com/FxWirePro-NZD-USD-breaks-below-068-handle-sell-rallies-target-6680-189374) is progressing.
Recommendation: Stay short for targets.
The material has been provided by InstaForex Company – www.instaforex.com