tayalsmith
Long

NZD/USD WEEKLY ANALYSIS

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
10 0 2
The secondary trend of NZD/USD             is bullish on charts and price is trading above the trend line in its daily chart . In daily chart the price is sustaining below 200 day SMA and is expected to break resistance of 50 day SMA indicating uptrend of the pair.
Resistance level of 0.6880 and Support level of 0.6540
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: NZD/USD             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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