Rising Wedge May Dampen NZDUSD Momentum

posted by forexalliancecom 343 days ago in NZD, Technical, Special made popular 343 days ago

Bidders helped to prop up the New Zealand dollar against the greenback during the session, finding support near 0.7750. Although now well over 0.7800, the Kiwi’s short term prospects are bearishly tilted as the 0.7850 resistance level looms over the spot rate.

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Rising Wedge May Dampen NZDUSD Momentum

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Rising Wedge May Dampen NZDUSD Momentum

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