NZDUSD Update


•NZD/USD spiked to 0.7374 from 0.7305 and breached the 0.7335 resistance level due to Latest report from 1 News that the ruling National Party regaining lead in NZ election poll.

•The pair is currently trading around 0.7358.

•NZD/USD is facing resistance at 0.7375 and 0.7400 [61.8% of Fib retrace of 0.7558 to 0.7130]. A brake of this will lead price to 0.7480.

•Immediate support around 0.7335 [previous resistance] and 0.7266 [H4 200SMA]

Watch out for the New Zealand Election, which takes place on Saturday 23 Sept and the polls have been a roller coaster ride providing similar price action for NZD/USD.