NZD/USD: sell the rally – BNZ

FXStreet (Barcelona) – The Technical Strategy Team at BNZ, maintains a bearish outlook on NZD/USD, expecting the pair to see further downside.

Key Quotes

“ST Resistance: 0.6940 (ahead of 0.7200)”

“ST Support: 0.6560 (ahead of 0.6070)”

“The technical picture still looks very bearish, with various points on top that should cap. If the European saga continues to sour, expect further tests to the downside.”

The Technical Strategy Team at BNZ, maintains a bearish outlook on NZD/USD, expecting the pair to see further downside.

(Market News Provided by FXstreet)