Home NZD/USD Technical Analysis: 200 DMA supporting, stochastics oversold, eyes on rise from trendline support

NZD/USD Technical Analysis: 200 DMA supporting, stochastics oversold, eyes on rise from trendline support

Updated: 3 Apr. 2019 | 04:02

NZD/USD is supported at the 200-DMA again with price meeting trendline support.
A break to the downside opens the 23.6% Fibo in the 0.6690s.
0.6580 is the downside target as the flash crash lows.
However, stochastics are oversold. A move from trendline support will target the 2018 mid-May lows and July highs with confluence with the 38.2% Fibo through the midpoint of the 0.68 handle.

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