NZD/USD is near significant support

The  NZD/USD pair, amid the strengthening of the US dollar and the flight of investors from risks, moved to a decline. The overall upward trend of this pair is maintained, as is the multi-month uptrend. The expected zone of reversal and resumption of growth is in the range from 0.6800 to 0.6770. In this zone, we can expect the resumption of growth with a further test of resistance levels: 0.6880 and 0.6940. Strong support is located at the levels: 0.6770 and 0.6740, the update of which will cast doubt on the upward trend in this pair.

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Hanzenko Anton

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