NZDUSD Resumes Recovery Strength, Bullish

January 9, 2019

By Mohammed isah

NZDUSD resumes recovery strength as it eyes a move further higher towards the 0.6800 resistance zone. Above here will target the 0.6850 level where a break will turn attention to the 0.6900 level. A break of here will have to occur to create scope for a move towards the 0.6950 level. Further out, resistance resides at the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting further upside. Support stands at the 0.6750 level. Further down, the 0.6700 level comes in as the next downside target and then the 0.6650 level. All in all, NZDUSD faces further upside pressure on recovery.

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