NZD/USD Price Analysis: Bears attack critical support around 0.6950
newscatcher
2021-07-28 05:30
NZD/USD Price Analysis: Bears attack critical support around 0.6950
NZD/USD remains under pressure in the initial European trading hours. More downside envisioned if price decisively breaks 0.6950. Momentum oscillator holds onto the oversold zone with a neutral stance. NZD/USD extends the previous day's losses on Wednesday. The pair moves with bearish sentiment in a very narrow trade band. At the time of writing, NZD/USD is trading at 0.6952, down 0.06% for the day. Technically speaking, the descending trendline from the high of 0.7317 made on May 26 acts as a strong barrier for the bulls.

https://www.fxstreet.com/news/nzd-usd-price-analysis-bears-attack-critical-support-around-06950-202107280522

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