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NZDUSD: Retains Recovery Threats, Eyes The 0.6726 Zone

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Dollar New Zealand / Dollar AS (FX:NZDUSD)  
FXTechstrategy  
FX:NZDUSD   Dollar New Zealand / Dollar AS
Trend Analysis Harmonic Patterns Chart Patterns Forex forexsignals forexanalysis
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NZDUSD: With the pair still retaining its upside pressure on correction, more strength is envisaged in the new week. Support lies at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target. Conversely, resistance resides at the 0.6750 level where a break will aim at the 0.6800 level. A break of here will have to occur to create scope for a run at the 0.6850 level. Further out, resistance stands at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further recovery higher. All in all, NZDUSD faces further upside pressure.
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