3 Apr 2019
NZD/USD Technical Analysis: 200 DMA supporting, stochastics oversold, eyes on rise from trendline support
- 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.
