KeytoMarkets

NZDUSD: Stiff resistance from 50.0 reaction

FX:NZDUSD   Neuseeländischer Dollar / US-Dollar
23 0 1
NZDUSD             reached a high of 0.7160 rebounds nearly 50.0 of the fib reaction (0.7560-0.6780 fall). Finally, the cross has entered the overbought zone.
Stiff resistance from 50.0 reaction seems at 0.7170. The RSI stands at 73. We believe in the near term; the cross offers limited upside risk. Ahead of today’s NFP data the cross has a resistance zone seems between 0.7170-0.7200.

Support finds at 0.7170 and 0.7070
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