NZD/USD takes trendline support, targets 0.6755
Kiwi positively impacted by more stimulus unveiled by the RBNZ and ECB, extends gains for the second day on Friday.
NZD/USD is trading just shy of the 0.67 handle and could see further upside.
10-DMA at 0.6697 is capping gains for now, break above could see gains upto 0.6725 and then 0.6755.
On the downside the pair finds strong trendline support at 0.6635, weakness only on breaks below.
RBNZ Governor Wheeler’s speech and the Fed outcome due next week will provide fresh impetus to the pair.
Trade idea: Buy dips in the pair at 0.6680 levels, SL: 0.6635, TP: 0.6725/0.6755
NZD/USD is trading just shy of the 0.67 handle and could see further upside.
10-DMA at 0.6697 is capping gains for now, break above could see gains upto 0.6725 and then 0.6755.
On the downside the pair finds strong trendline support at 0.6635, weakness only on breaks below.
RBNZ Governor Wheeler’s speech and the Fed outcome due next week will provide fresh impetus to the pair.
Trade idea: Buy dips in the pair at 0.6680 levels, SL: 0.6635, TP: 0.6725/0.6755