NZD/USD is near a strong support
The NZD/USD pair is trading near the strong support 0.6680-0.6700 in the conditions of preserving the uptrend. The rebound from this level will continue general upward trend of the pair and will actually become a “double bottom” on the daily chart. The resumption of growth is expected to break through the key resistance 0.6720-10. This will open the way to the marks: 0.6770 and 0.6800.
Read also: “The US dollar index (DXY) as an auxiliary indicator
for trading in commodity currencies”
Hanzenko Anton
Earn with the help of the trade service on the news Erste News!
Topical articles of the trader’s blog:
- OPEC + Market expects continuation of agreement to limit production
- G20 Summit – what to expect and to beware of
- Prospects for the USD/JPY for early July
Current Investment ideas: