NZD/USD remains under the pressure

Despite a two-week decline the NZD/USD remains under pressure from risks, which intensified by the expectation of a reduction in RBNZ rates.

Resumption of sales can be expected at breaking through support: 0.6510-00.

This will indicate a resumption of the downtrend and open the way to support levels: 0.6460 and 0.6430. Resistance is located on the upper boundaries of the downward channel: 0.6530 and 0.6550.

Read also: “Should we expect the currency intervention from the Bank of Japan”

Hanzenko Anton

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