BNZ - NZD/USD Outlook: Sell a rally; NZD/AUD Outlook: Consolidation

BNZ - NZD/USD
Outlook: Sell a rally
ST Resistance: 0.8050 (ahead of 0.8145)
ST Support: 0.7930 (ahead of 0.7840)
The downtrend has become entrenched following the break through 0.8080 support and the close below the 200 d.m.a. The next support level at 0.7930 now looms as the immediate target.

NZD/AUD
Outlook: Consolidation
ST Resistance: 0.7800 (ahead of 0.7835)
ST Support: 0.7730 (ahead of 0.7670)
Momentum factors have switched from neutral to positive, but 0.7800 resistance should cap the near-term topside.

Views: 23

Tags: AUD, BNZ, NZD, NZD/AUD, NZD/USD

Comment

You need to be a member of FXstreet.com Forex Social Network to add comments!

Join FXstreet.com Forex Social Network

Photos

  • Add Photos
  • View All

1 month trial

© 2013   Created by FXstreet.

Badges  |  Report an Issue  |  Terms of Service