NZDUSD has been trending down from last week’s high near 0.6080. Today’s low price reached 0.5872. This is just above a swing zone between 0.5851 and 0.58699.
The support buyers are pressed against the wing area. There is upside resistance near 0.5936 if buyers cannot stay above the 0.58699 level up to 0.58512.
A move below 0.58512 would open the door to the October low at 0.57723.
Learn the details of the technical parameters that govern the NZDUSD pair by watching the video above.
cnbctv18-forexlive
