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NZD/USD Sees Pull-Back, Trades 0.6167

NZD
  • NZD/USD has started the week trading lower, down 0.35%. The pair has just broken the Friday lows of 0.6180, and now trades at 0.6167, breaking below initial resistance of 0.6173 (highs Jan 31)
  • Key levels to watch, a hold below the 0.6173 could signal further weakness, opening up a move to 0.6150/60 (highs from Jan 9/Jan 2) and further below there 0.6130 (lows Feb 20). To the upside, initial resistance is 0.6218 (Feb 22 highs) and break above opens a move to 0.6260 (Jan 11 Highs).

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