The Traderszone Network

Published in TZ Latest News 10 June, 2016 by The TZ Newswire Staff

Forex technical analysis: NZDUSD moves away from resistance

Trades at the session lows
The NZDUSD this week moved higher after the RBZN kept rates on hold in trading on Thursday. The price moved just above topside trend line resistance at 0.7238 (the high reached 0.71469). The 61.8% of the move down from the April 2015 high was also broken.  That came in at 0.71258.  The price came off both those levels on Thursday.