FxWirePro
Long

NZD/USD breaks 100-DMA to hit 2-week high, long dips

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
306 0 8
3 months ago
Solid New Zealand employment and GDT price data supports the kiwi.

NZD/USD             breaks major resistance at 0.7196 (100-DMA & trendline ) to hit 2-week high of 0.7227, bias higher.

Techs support further gains, Stochs and RSI are biased higher.

The pair has broken above 38.2% Fib and is on track to test 50% Fib at 0.7260.

Major support levels - 0.72 (38.2% Fib), 0.7196 (100-DMA and trendline ), 0.7169 (5-DMA)

Major resistance levels - 0.7260 (50% Fib), 0.7265 ( Oct             20 high), 0.7290 ( Oct             3 high)

Focus remains on FOMC decision later on the day, while news flow related to the US elections will be also closely monitored.

Good to go long on dips around 0.7210/20, SL: 0.7170, TP: 0.7260/ 0.7290/ 0.73
3 months ago
Comment: TP 1 hit
3 months ago
Comment: Approaching TP 2
3 months ago
Comment: All targets hit.

Broad-based USD selling stalls after hawkish Fed statement.

Pair struggling at 61.8% Fibo at 0.7313.

Break above could see further gains.
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