NZDUSD technical analysis.

NZDUSD - Daily

Market (21 above 55) is flat. Price (5 above 8) is flat. Stochastic is almost overbought. Resistance levels are: MPP/0.705, MM3/0.71 and MM4/0.725. Support levels are: MM2/0.695, 0.69 and MS1/0.685.


Market (21 above 55) is flat. Price (8 above 5) is bearish. Stochastic is moving down. I'm waiting for price to break through WM3/0.70 to make a lower low at WPP, when price retrace to make a lower high at WM3/0.70, I will look to sell this pair. If price find support at WM3/0.70 and moves up, I will look for resistance at MPP, WR1/0.705 and WM4.

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