Technical analysis of NZD/USD for May 16, 2017

Overview: The NZD/USD pair will continue moving downwards from the level of 0.6935. The pair has already dropped from the level of 0.6935, which coincides with the ratio of 50% Fibonacci retracement, to the bottom around 0.6817. The first resistance level is seen at 0.6873 (the daily pivot point) followed by 0.6907, while daily support […]