Technical analytics



NZD/USD remained under pressure. Sellers kept fighting with the 0.6500 handle, however, without any progress. This level seemed to be well defended by buyers who are strong enough to resist sellers' attacks so far. The pair bounced from the level after each attempt to touch it. The selling pressure increased in the night and sellers led the price to the 0.6470 area. The moving averages are neutral. MACD is in the negative area. RSI is stable at 50. The resistance stands at 0.6550, the support is at 0.6500.

Sellers should attack the 0.6500 handle again. If they are lucky, they will quickly regain this obstacle and will move the rate to 0.6470. As an alternative scenario, we could expect a move to the 0.6550 area.

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