NZD/USD is trading in the side triangle - Ester Holdings

NZD/USD is trading in the side triangle

The NZD/USD pair has been moving in the lateral triangle from the start of the week, thereby maintaining a two-week uptrend. The restraint of this pair and the American dollar in general is associated with trading risks. Given the technical picture, this pair retains the potential for strengthening. The start to growth will be the exit of the pair from the side triangle and consolidation above 0.6320-30. Support is located at: 0.6300 and 0.6280, updating of which will cancel expectations for growth. Goals are located at the levels of: 0.6380 and 0.6400.

Read also: “How Real is the currency intervention in the US 

Hanzenko Anton

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