NZDUSD September, 28 2020

Technical Analysis
Monday, September 28, 2020 - 18:17
Point Trader Group
NZDUSD September, 28 2020

Overview:

We notice on the above chart that the pair is trading above a strong support level around 0.6500, which enhances the chances of a bullish move during today's trading.

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 0.6590

Alternative Scenario:

On the other hand, we believe that if the 0.6500 level is broken down, it might push the pair down to 0.6450


 

Resistance0.65900.66200.6650
Support0.65000.64500.6420

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