NZDUSD Short-term Technical Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
These technical outlooks are NOT trade ideas, they are simply technical analysis to give traders a DIRECTIONAL BIAS on the day.

Good evening traders!

Holding the spike low at .6885 saw strong buyers step in as signaled in yesterday's short-term technical outlook.

With buyers in control buying opportunities are preferred, however the .6972 resistance figure still holds. A break above the figure is required to expose further upside, but at this point seems likely with ever dip being quickly bought up.

Focus remains on the upside for now.

I hope this offers some directional clarity on this pair.

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