LeoPrime Daily Market Analysis

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NZDUSD : Testing Retracement Zone Resistance at .6831 to .6858

NZDUSD is trading at 0.6831; The markets could indicate that the price may test the upside border of the cloud at 0.6825 and then resume moving upwards to reach 0.6858. Another signal to confirm further descending movement is the price’s rebounding from the channel’s downside border. If the price breaks the downside border of the cloud and fixes below 0.6795. In this case, the pair may continue falling towards 0.6705.

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