Technical analytics



Sentiment remained negative on Thursday. The spot opened on a weaker note and continued its slide. Sellers regained the 0.6850 level and pushed the price towards 0.6800. However, the downward pressure partly eased when NZD touched the 0.6825 mark. The spot bounced off this area and recovered back to 0.6850. The 50, 100 and 200 EMAs accelerated their declines. All moving averages keep heading lower. MACD is in the negative area. RSI is oversold. The resistance stands at 0.6900, the support is at 0.6850.


The bearish break has the potential to continue dragging the pair further below the 0.6850 mark towards testing the 0.6800 region.

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