NZDUSD 2017-12-21 Intra-day analysis.

BoJ leaves monetary policy unchanged. NZD GDP rises 0.6%

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NZDUSD 21.12.17

NZDUSD intra-day analysis

NZDUSD (0.7007): The New Zealand dollar posted some declines, but price action managed to bounce off the lower median line. As price attempts to test the previous highs we see that the Stochastics oscillator has been posting a lower high. This bearish divergence could indicate a potential correction to the downside. Support at 0.6917 remains in focus while to the upside, the continued momentum could keep the NZDUSD testing the next resistance level at 0.7062.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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