Technical Analysis for NZD

Technical Analysis for NZD

The pair rallied on Friday, retesting the 50 days SMA and the descending resistance for the overall consolidation, where the major bullish daily candle on Friday indicates strong bullish momentum, and thus a break above the descending resistance should signal further upside for the week. For now, the bias is sideways to bullish.

Support: 0.8260, 0.8220, 0.8175, 0.8150, 0.8115
Resistance: 0.8320, 0.8355, 0.8380, 0.8400, 0.8440

Recommendation Long above 0.8255, targets at 0.8300,0.8355 and 0.8380. Stop loss below 0.8195