Technical Analysis for NZD
The pair is trading with strong volatility but is stable above Linear Regression Indicators forcing us to hold on to our positive expectations. Trading above 0.8355 levels is good in regards to the positive expectations, but breaking 0.8325 levels might cause an intraday correction.
The trading range for today might be among key support at 0.8300 and key resistance at 0.8565.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845.
Support: 0.8400, 0.8385, 0.8355, 0.8325, 0.8300
Resistance: 0.8450, 0.8480, 0.8500, 0.8515, 0.8565
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8400 targeting 0.8480, 0.8500 then 0.8515 and stop-loss with four-hour closing below 0.8325 might be appropriate