FxWirePro
Long

NZD/USD strong support at 0.7080, long dips for 0.7175

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
298 0 11
2 months ago
NZD/USD             longer term bias is definitely lower, but some consolidation likely.

The pair edges higher from session lows at 0.7077, intraday bias higher.

We see major support at 0.7080 levels, weakness seen on break below.

Daily Techs suggest upside, RSI is biased north and Stochs are on the verge of a rollover from oversold levels.

Major support levels - 0.7080 (5-DMA, 50% Fib), 0.7035 (trendline), 0.6985 (61.8% Fib).

Major resistance levels - 0.7124 (10-DMA), 0.7175 (38.2% Fib), 0.7205 (20-DMA).

Major event risk this week come from NZ             Q3 CPI             release and the GDT dairy auction (Tue).

Good to go long on dips around 0.7090/0.71, SL: 0.7040, TP: 0.7125/ 0.7175
2 months ago
Comment: TP1 achieved.
2 months ago
Comment: TP2 hit.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out