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NZD/USD falls to 0.8142 9-week lows

FXstreet.com (Chicago) – NZD/USD continues under high bearish pressure and falls to 9-week lows at 0.8142 ahead of Tokyo’s open and the ANZ business confidence results in NZ.

NZD/USD Technical Levels

Price action reveals the pair extends the bearish channel and is navigating on what seems the neckline of a H&S pattern under completion is further declines take place. Technically speaking, the pair is offered at 0.8146 and navigates between the supports aligned at 0.8124 (November 22nd lows), 0.8094 (September 14th lows) ahead of 0.8049 (August 8th highs) and the resistances set at 0.8152 (November 23rd lows), 0.82 (November 12th lows) …read more