NZDUSD Bears on risk!!
Updated
If AB = CD
Else... bears in big risk.
the kiwi still in uptrend,
Else... bears in big risk.
the kiwi still in uptrend,
Note
-Solid New Zealand employment and GDT price data boosts the kiwi.-
NZD/USD breaches 100-DMA to hit new 2-week high of 0.7227, bias higher.
Techs support further gains, Stochs and RSI are biased higher.
The pair has broken above 38.2% Fib and is on track to test 50% Fib at 0.7260.
Major support levels - 0.72 (38.2% Fib), 0.7196 (100-DMA and trendline), 0.7169 (5-DMA)
Major resistance levels - 0.7260 (50% Fib), 0.7265 (Oct 20 high), 0.7290 (Oct 3 high)
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Recommendation: Good to go long on dips around 0.7210/20, SL: 0.7170, TP: 0.7260/ 0.7290/ 0.73 -> 161%
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