NZD/USD: Overbought And Short |

As mentioned to weekly commentary, watch 0.7160 and the only way forward was long. Massive overbought NZD/USD meets the 10 year average at 0.7343 while the day trade top for today is located at 0.7333 and 0.7338.

While the big break for lower is located at the 15 year average at 0.7267, the day trade bottom today is found at 0.7273 and 0.7264. This leaves NZD/USD ranging from 0.7343 to 0.7267. Below 0.7267 targets 0.7168 and the big high/low line.

Assistance to NZD/USD short is to break higher at 1.6878 and to trade above 1.9436. Both trade below respective levels.

trades fairly neutral at 0.6536 and overbought begins at 0.6552 while trades below vital 0.8852.

While NZD/CHF trades neutral and NZD/CAD below its vital break leaves NZD/USD stuck for direction. NZD/CHF would also assist NZD/USD short on a break lower at 0.6492 to properly align the NZD universe.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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