Technical Analysis – NZDUSD posts steep losses; finds support at 38.2% Fibonacci level

NZDUSD has been tumbling over Wednesday’s and today’s Asian sessions, while it recorded a fresh one-month low of 0.7175. The aggressive sell-off pushed the price below several key levels such as the 23.6% Fibonacci retracement level at 0.7280 from 0.6780 to 0.7436, 0.7255 and 0.7230. In the 4-hour chart, short-term indicators are signaling a bearish movement. The Relative Strength Index (RSI) is holding […]