FxWirePro
Long

NZD/USD breaks above 50-DMA, good to go long on dips

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
266 1 11
NZD/USD             has largely ignored somewhat weak trade data and extended gains.

Upside is holding above 0.70 handle, breaks stiff resistance by 50-DMA at 0.7014.

Next major hurdle at 0.7054 (double top Apr 19, May 3) and then 0.7078 (10-DMA).

Strong support seen at 0.6955 (trendline), weakness only on break below.

Good to go long on dips, SL: 0.6985, TP: 0.7054/0.7075
UltraVC
4 months ago
Nice !
Reply
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