NZDUSD facing bearish pressure | 27th July 2021

112
NZDUSD holding below descending trendline resistance. With stochastic approaching hidden resistance at 92.95 , a short term reversal from our 1st resistance of 0.70066 towards graphical swing low and 1st support at 0.68809 could be possible.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.