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Chartist-Trading

NZDUSD: Continuation of the upmove is possible

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Chartist-Trading  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Trend Analysis Chart Patterns NZDUSD analysis topdownanalysis
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trendanalysis chartpattern nzdusd analysis topdownanalysis
NZDUSD has tested again its previous lows and once more buyers emerged. The daily studies suggest that a short term bottom is in place. Our initial target for the pair is the 0.6900-20 area. The initial resistance at 0.6830 is broken and now offers support.
We BUY at current levels with tight stops below 0.6825 for 0.6900 target.
Alternatively we will buy again at 0.6800 area setting the stops below yesterday's lows...

Our Top Down Analysis follows...

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