ByLCMS Traders FX Analysis Team
AUG 2, 2021
NZD/USD Daily Forecast
NZD/USD is trading near the SMA-14 resistance area and is still keeping in the bearish channel. The intraday support levels are at 0.6944 and 0.6920 while the resistance zones are at 0.7000 and 0.7038. The pair is likely to continue within the bearish channel and with technical indicators still presenting a bearish picture the pair is ideal for sell entries using the following levels
Direction: Sell
Entry: 0.7000
Take Profit: 0.6935
Stop-Loss: 0.7035
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