NZD/USD remains under the pressure

The  NZD/USD pair continues to trade in a monthly downtrend. In addition to the growth of pessimism on the exacerbation of  the US – Chinatrade tension, New Zealand’s weak economic data continues to put pressure on the New Zealander.

Selling of NZD/USD pair should be considered below the level of 0.6580-70.

Resistance is located at marks: 0.6610 and 0.6630. The targets are the support levels: 0.6530 and 0.6500. It is worth entering into transactions after correction on unloading oversold and preferably after publication of the RBNZ protocol, which will be released tomorrow morning.

Read also: “ Cycles Theory in the FOREX market. Briefly about everything “

Hanzenko Anton

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