NZDUSD Retains Short Term Weakness

NZDUSD retains short term weakness as it declined further during Tuesday trading session. Resistance comes in at the 0.6650 level where a break will turn attention to the 0.6700 level. A break of here will have to happen to create scope for a move higher towards the 0.6750 level. Further out, resistance resides at the 0.6800 level. Support stands at the 0.6550 level. Further down, the 0.6500 level comes in as the next downside target and then the 0.6450 level. Its daily RSI is bearish and pointing lower suggesting further weakness. All in all, NZDUSD faces more downside pressure short term

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