The NZDUSD currency pair experienced high volatility during the week and moved higher towards the value of 0.7200.
The bullish bias remains in the market, taking us closer to the resistance level 0.7350.
At the same time, traders should pay attention not to take long positions, in case the "bullish" potential will not fall and prices were able to firmly fix above the value of 0.7350, it will open the way through 0.7400 / 0.7480.
Key Levels
Resistance zones: 0.7350;
Support zones: 0.7200 (+/- 20p);
Signals
- It is recommended to buy the pair after fixing the price above the level of 0.7370 with the target to move near 0.7400 / 0.7480.
- Selling the pair is recommended after the resumption of the downward interest, probably after the formation of the cluster within the level of 0.7350.
Pay attention: Forecasts are not a direct guide to action!