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31.05.201815:47 Forex Analysis & Reviews: Technical analysis and trading recommendations for the NZD / USD currency pair as of May 31, 2018

Long-term review

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The currency pair NZD / USD, after a small stagnation, still managed to go into the correction stage. Earlier, it was already discussed that the pair had slipped well since the beginning of April, but at the same level of 0.6850, the support point was found, allowing the bulls to return to the market. Now, we are already above the psychological level of 0.7000, keeping the "bullish" interest. Probably assume further movement towards 0.7070, where, perhaps, bears return for a while, forming a small pullback in the market.

Key Levels

Resistance zones: 0.7000: 0.7180; 0.7250 * 0.7340 *

Support zones: 0.6820; 0.6700 *; 0.6580.

* Periodic level

Attention: Forecasts are not a direct guide to action!

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