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| NZD/USD |
Technical Analysis :
NZD/USD currency pair is primarily showing bearish trend on charts but from past few trading sessions prices are
not sustaining at lower levels & consolidating below its falling
trend line. In its hourly chart, prices are consolidating with strong
positive bias to give break out at upside. It is also taking support
of 30 DMA and if it breaks its resistance level, it can come up to
test its 200 DMA. If the pair breaks the resistance level of 0.7480
at upside then we can expect it to test the level of 0.7535/0.7565.
Indicators:-
RSI is sustaining in buying territory supporting the
upcoming bullish trend in the pair.
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| Technical Chart |
Forex Strategy:-
NZD/USD
has bounced back from the lower level & looking bullish on charts
for next few session. One can go for buy on dips strategy for this
pair for intra day to mid term positions.
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