Important trend indicators and signals ar pointing that the commodity pair, NZDUSD may close the week below the important mark of 0.8150.

The pair, along with its AUDUSD counterpart has been losing steam gradually on the last couple of hours with more possibility of extending its fall this Friday.

Trend signals from the SMA 5 and 20 points that key fibonacci support at 0.8157 may be contacted. The pair hit this support yesterday, only accelerate back to key resistance at 0.8200.

Signals from oscillator indicator MACD, also displays a trend forming on the hourly mt4 chart would may still last for more hours ultimately hitting vital of support 0.8150 which may also extend below it in the coming weeks.

At the moment, (8.58 AM GMT + 1), the pair is currently quoting at 0.8183, with supports located at 0.8168, 0.8157 and resistance could be found at 0.8191, 0.8200.

forextrading23.com

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