NZDUSD reversed higher off .7316 (May 12, 2015 low, near 76.4% of the .7161/.7743 rise) to probe above .7500, forming a minor double bottom at .7327/.7316. Intraday indicators turned positive, suggesting there is scope for further upside near term towards .7576 ahead of .7639 (as shown on the 240 minute chart). .7419 would support dips. A break below there would defer the upside and retest the .7327/.7316 zone.
Outlook:
Short term: bullish
Long term: neutral
Outlook:
Short term: bullish
Long term: neutral
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.