Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are the support levels 0.7675 and 0.7660.MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell the New Zealand dollar.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line falls below the% D.
Therefore, we expect that the correction will continue and its potential targets are located at 0.7660/40 and 0.7610/00.
Resistance levels: 0.7740, 0.7765, 0.7790
Current Price: 0.7701
Support levels: 0.7675, 0.7660, 0.7640, 0.7610/00
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