Technical analysis of NZD/USD for December 19, 2017

NZD/USD is under pressure below the key resistance at 0.7015, which limit the upside potential. The 20-period moving average is turning down. The relative strength index is bearish and calls for a further downside. Therefore, as long as 0.7015 is not surpassed, look for a new test with targets at 0.6975 and 0.6960 in extension. […]