5 Mar 2015
NZD/USD trying to break the long-term downtrend – Varengold
FXStreet (Barcelona) -The Varengold Bank Research Team gives the key technical levels for NZD/USD.
Key Quotes
“Technically the NZDUSD has been bouncing in the last weeks and now it is in an important point, as the pair is trying to break the long term downtrend, initiated in July 2014. However, if this resistance is crossed, the pair will have to fight soon with another resistance placed around 0.7650, which also looks pretty strong.”
“If these levels are not finally crossed, at least at first, we identify two close supports at 0.7475 and 0.7325, even though, in this occasion none of them look especially significant.”
Key Quotes
“Technically the NZDUSD has been bouncing in the last weeks and now it is in an important point, as the pair is trying to break the long term downtrend, initiated in July 2014. However, if this resistance is crossed, the pair will have to fight soon with another resistance placed around 0.7650, which also looks pretty strong.”
“If these levels are not finally crossed, at least at first, we identify two close supports at 0.7475 and 0.7325, even though, in this occasion none of them look especially significant.”