Technical Analysis for NZD
The pair moved to the upside trading close to the significant resistance levels at 0.8480, whereas breaching this levels might trigger another upside wave during the upcoming period. Trading above 0.8400 levels is positive now and stability above it might cause an upside rush, breaching the referred to resistance level eying 0.8565 levels.
The trading range for today might be among key support at 0.8355 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: 0.8450, 0.8415, 0.8400, 0.8385, 0.8355
Resistance: 0.8480, 0.8500, 0.8535, 0.8565, 0.8575
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8450 targeting 0.8480, 0.8535 then 0.8565 and stop-loss with four-hour closing below 0.8385 might be appropriate