New Zealand Greenback Value Outlook: NZD/USD Reversal Halted–Kiwi Ranges
The New Zealand Dollar is up greater than 0.6% towards the US Dollar because the Asia open – regardless of the advance, the change fee stays weak after reversing off technical resistance final week. These are the up to date targets and invalidation ranges that matter on the NZD/USD weekly worth chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Sterling worth setup and extra.
New Zealand Greenback Value Chart – NZD/USD Weekly
Notes: New Zealand Greenback posted an outside-weekly reversal off confluence resistance final week at 6436 – the place the 2018 low-close converges on the median-line of the descending pitchfork formation we’ve been monitoring off the late-2018 / 2019 swing highs. The sell-off turned simply forward of a key weekly help zone and the instant focus is on 6304/14 – a area outlined…