NZDUSD Bearish, Targets Further Downside Pressure

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This is our latest outlook on NZDUSD. We look for more weakness to occur in this currency pair in the days ahead. With NZDUSD remaining weak and vulnerable to the downside , further weakness is expected. Support lies at the 0.6700 level where a break will aim at the 0.6650 level.

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10/27/2015 FXTechstrategy Forex Technical Strategy Commodity Technical Research www.fxtechstrategy.com NZDUSD Bearish, Targets Further Downside Pressure . Gives You A Trading Decision Edge Wednesday 28 OCT’15 Highlights: www.fxtechstrategy.com

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F 10/27/2015 FXTechstrategy Forex Technical Strategy NZDUSD Bearish, Targets Further Downside Pressure NZDUSD: With NZDUSD remaining weak and vulnerable to the downside , further weakness is expected. Support lies at the 0.6700 level where a break will aim at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.6800 level where a break will aim at the 0.6850 level. A break of here will have to occur to create scope for a run at the 0.6900 level. Further out, resistance stands at the 0.6950 level. All in all, NZDUSD remains biased to the downside nearer term on correction. USDCAD www.fxtechstrategy.com

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f 10/27/2015 FXTechstrategy FXT Technical Strategist Plus This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer Disclaimer www.fxtechstrategy.com

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