NZD/USD Technical Analysis: Slide to weekly lows exposes lower bound of range

  • Pair looking for a support zone, after accelerating to the downside; bearish pressure to persists while below 0.6760. 
  •  On the daily chart still moves in a wide range, but close to a key support: current weakness, if persists, likely to open the doors for a test of 0.6700/20, key support area. 
  • A daily close above 0.6850 would negate the current bearish bias and signal more gains ahead.

NZD/USD 15-minute chart

NZD/USD 15

NZD/USD Daily chart

NZD/USD D

Spot rate:                   0.6742
High:                         0.6797
Low:                          0.6738

Trend:                        Sideways

Resistance 1:            0.6760
Resistance 2:            0.6800
Resistance 3:            0.6830

Support 1:                0.6725
Support 2:                0.6685
Support 3:                0.6660

Gold Technical Analysis: Gold breaking to new 2018 low below $1,210.00/oz

Gold 15-minute chart Spot rate:                   1,209.67 Relative change:        -0.51% High:                          1,221.26 Low:          
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