NZD hit a strong declining resistance.

22 thg 2, 2016

The NZD/USD has currently hit a very strong declining resistance line. This is looking very bearish at the moment with a key inclining support set at roughly 0.658. However, we expect the price to break this support and head southwards towards the low of 0.634. We will sit tight and await a bearish confirmation. See plusfxtrading.com for more in depth analysis.