Overview:
- In the H1 chart, the NZD/USD pair has still call for the strong bearish market between the levels of 0.7056 and 0.7013. Additionally, it should be noted that the minor support is going to set at the level of 0.6921. Moreover, the level of 0.6962 represents the daily pivot point on June 18, 2015. Equally important, the resistance will be set at 0.7056 and the double top is set at the same price too. Therefore, sell 0.7056 with the first target at 0.8525 in order to test the daily pivot point (0.6962); then it will be gone towards 0.6921 (the daily support 1). If the market is able to break the minor support at the level of 0.6921; hence it will call for the bearish market below 0.6921 again in order to test the double bottom at 0.6879. At the same time, if the trend fails to close below the double bottom, above 0.6879 with a target at 0.7050 this week.
Warning:
- Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
