Choppy Price Action for New Zealand Dollar

  • Support: 0.7602
  • Resistance: 0.7727
  • During the New York session, NZDUSD crossed middle Bollinger band (20-day SMA), and consistently touched upper band, indicating the pair is overbought in the short-term and bearish momentum may kick in.

[I]NZDUSD (Daily Chart)

Prepared by DailyFX Research Team
Source: Bloomberg[/I]
See Daily Technicals for more detail.[/I]