NZDUSD with near-term targets on the upside at the 0.7501 level
By
Felipe Erazo
PUBLISHED:
27 Jan 2015 @ 13:35
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More info about Felipe Erazo
The NZDUSD is trapped on a low range zone, above the daily pivot point level of 0.7430.
Currently, at the H1 chart, the Kiwi is trying to win some positions in the upside until the near resistance zone of 0.7463. A breakout on that level could unleash some bullish force that could produce a momentum to the next resistance level of 0.7501.
Anyway, our oulook on the NZDUSD is still bearish, as long as this pair remains below the 200 SMA, alongisde with the negative territory of the MACD indicator.
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