NZD USD retreating throw lows
4/26/2017 2:53:18 PM
The NZD/USD pair stayed under some selling pressure for the 3rd successive session and has now fell near 0.6917 area.
Weakness below 0.6910 level could get expanded towards 0.6893 support, below which a fresh leg of decline is probable to drag the pair towards 0.6850 intermediate support on the way the 0.6805 handle.
On the upside, any recovery efforts might now provoke immediate strong persistence near 0.6957 area, which if cleared is probable to boost the pair back towards 0.6987 area before finally lifting it beyond the key 0.7005 psychological mark towards retesting 45-day SMA important obstacle near 0.7027 area.
FOREX market analysis by FxErvin.