NZD reached area of short term resistance and exhibits oversold conditions therefore expecting some downside movement towards the 0.67-0.671 zone. Supported by strengthening of DXY (at time of writing) expecting upwards movement towards the 97.35 area where TL sits. However on the flip side should the pair move to the upside and clearly break through the 0.678 region next area to watch is 0.68 psycho area.
DXY:
DXY:
Trade closed: target reached:
TP1 and 2 reached.