NZDUSD trying to touch the resistance level at 0.8691
By
Felipe Erazo
PUBLISHED:
23 Jul 2014 @ 05:24
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The NZDUSD has been trying to regain positions above the daily pivot point level of 0.8671, so the pair could rise to the resistance level of 0.8691.
For now, the Kiwi is likely to try a breakout resistance at that level. If successful, it is expected to rise to the level of 0.8715, where the 200 SMA is located.
However, if the NZDUSD manages to make a breakout to the pivot point, it is expected to fall to the support level of 0.8647. The MACD indicator is in positive territory.
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