NZD/USD is near significant resistance

The NZD/USD pair, after almost daily growth against the background of reducing the possibility of reducing tension in the US and China trade confrontation approached the significant resistance 0.6800-10, which corresponds to the upper limit of the weekly downward channel. The risk of trade opposition will remain, and the growth of pessimism in the stock markets can reinforce the decline of this pair.

Transactions for sale of a NZD/USD pair should be considered when fixing below the level of 0.6780-70, breaking through which will open the way for sellers to support: 0.6740 and 0.6720. Resistance level are: 0.6800 and 0.6820.

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Hanzenko Anton

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