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NZDUSD Retests Resistance Zone

NZDUSD Retests Resistance Zone
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NZD/USD Rebounds above Level 0.7200, Faces Minor Resistance at 0.7240

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 […]

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NZDUSD retests 0.7120

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 […]

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