Nzd/Usd

Any sign of an intermediate top in this market is looking less pronounced with the price surging to fresh post float record highs beyond 0.8700

we still consider the overall price action to be quite stretched and would therefore be looking for yet another topside failure ahead of an eventual bearish decline and shift in the overall construct of the market. A bearish daily close on Wednesday helps to reaffirm outlook and we look for a close back below 0.8680 to confirm short-term structural shift.

A bearish daily close on Wednesday helps to reaffirm outlook and we look for a close back below 0.8680 to confirm short-term structural shift.

Look for a break back below 0.8675 to confirm and accelerate declines, while ultimately, only above 0.8800 concerns.

The pair is moved up to test the resistance on 0.8764
if it is breaked we can see the pair move up
if this resistance is not breaked we can see the pair move down to test the 1st support on 0.8741

A bearish daily close on Wednesday helps to reaffirm outlook and we look for a close back below 0.8680 to confirm short-term structural shift.

the pair has succeeded in breaking 0.8700 and reached 0.8730 , so that's mean the up trend is still standing and the pair might head to 0.8740 and the 0.8770 . good luck .

the pair and as we can see from the chart has closed it's daily candle under the level of 0.8700 , so , that's mean the down trend is still standing and the pair is heading to 0.8660 then 0.8570

now i think it would be profitable for traders on this pair to open Sell positions below 0.8675 level with targets at 0.8525 and 0.85 in extension.

and take reverse action if the trend seem to go above 0.8675 then we might look for further upside with 0.877 and 0.8815 as targets.

The New Zealand dollar rallied to a record high against its U.S. counterpart on Friday, boosted by expectations for a near-term interest rate hike after the Reserve Bank of New Zealand said it sees little need for the March 2011 “insurance cut” to remain in place much longer