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New Zealand Dollar Forecast: Kiwi Grinds at Resistance- NZD/USD Levels
2021-06-01 19:00:00
Michael Boutros,
Strategist
New Zealand Dollar Technical Price Outlook: NZD/USD Weekly Trade Levels
NZD/USD coiling into a contractionary range just below resistance- Breakout watch into June
Initial support 7150s, 7085 (key) – Critical resistance 7265/92
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The New Zealand Dollar is trapped in a contractionary zone against the US Dollar just below critical technical resistance and the focus is on a possible breakout as we head into the June open. These are the updated targets and invalidation levels that matter on the NZD/USD weekly price chart heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of this Kiwitrade setup and more.