FxWirePro
Long

NZD/USD breaks major resistance, targets 0.6880

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
161 0 7
Kiwi bulls bolstered by surprisingly positive NZ             trade data, take NZD/USD             to 7-week highs at 0.6775.

The pair has broken all major resistances - at 0.6667 (triple top ), 0.67 and 0.6730 ( trendline resistances).

Price action has edged above the cloud and major moving averages biased higher, 0.6653 (200 DMA) is strong support on the downside ahead of 0.6620 ( trendline ).

Resistance on the upside is seen at 0.68 ( Dec             17 high and psychological level), and then at 0.6825 ( Dec             15th highs).

We see momentum to continue, pair likely to hit 0.68 levels, weakness only on breaks below 0.6620.

Good to buy dips around 0.6760, SL: 0.6690, TP: 0.68/0.6880
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