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Technical Major CurrenciesNZD/USD
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Midday Report
After testing areas around 0.7885, the pair returned to the downside to confirm the negative pressure of breaching the upside trend. The Linear Regression Indicators are negative and covering the pair from above and therefore we expect the pair to extend the downside move.
The trading range for this week is expected among the key support at 0.7670 and resistance at 0.8135.
The short term trend is to the downside targeting 0.7365 with steady daily closing below 0.8100.
| Support | 0.7850 | 0.7800 | 0.7785 | 0.7705 | 0.7670 |
| Resistance | 0.7885 | 0.7925 | 0.7960 | 0.8000 | 0.8035 |
| Recommendation | Our weekly expectations remain valid | ||||
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