• NZD/USD Technical Strategy: Flat
  • Support: 0.7068, 0.7005, 0.6942
  • Resistance:0.7145, 0.7193, 0.7281
The New Zealand Dollar continues to push lower against its US namesake, falling to the lowest level in five years. A daily close below the 38.2% Fibonacci expansionat 0.7068 exposes the 50% level at 0.7005. Alternatively, a reversal above the 23.6% Fib at 0.7145 clears the way for a challenge of the 14.6% expansion at 0.7193.
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