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Jul 30 - 08:55 PM

NZD/USD - Well Bid As Major Resistance At 0.6755/60 Beckons

By John Noonan  —  Jul 30 - 07:20 PM
  • NZD/USD opens 0.45% higher and completed a bullish outside day

  • Price stalling around 0.6700 as sellers cap, but it is trending higher

  • The 5, 10 and 21-day MAs aligned in bullish formation and pointing higher

  • Clear break above 0.6705 targets major resistance at 0.6755/60

  • The Dec 31, 2019 trend high and 61.8 of 0.7557/0.5469 converge at 0.6755/60

  • Support @ the 21-day MA @ 0.6603 - break would suggest top in place @ 0.6702

  • The For more click on FXBUZ









nzd/usd Click here

nzd 2 Click here

Source:
Refinitiv IFR Research/Market Commentary

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