Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BullishThe Kiwi rebounded above level 0.7200 and has continued to rise on the upside. On January 7 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NZD/USD pair will rise to level 1.618 Fibonacci […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishThe Kiwi is in an uptrend but it is retracing to the previous high. Today, the Kiwi is falling after retracing from the recent high of 0.7200. The pair may revisit the previous lows of level 0.7100 and 0.7150 before […]
From the open on Sunday we had 2 possible scenarios on the NZDUSD. Both were long plays, with the first one being a retest of the bottom of the range at the 0.7060 level. This didn´t play out since the NU opened and rallied to the top of the range. The second scenario (as explained […]
