FBS - Analytics


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    NZD/USD is bullish direction

    The pair is in the corridor between the levels 6/8 (0.6958) and 8/8 (0.7080). Securing above STH4, as well as a rebound from the 6/8 are good arguments in favor of growth to the area of level 1/8 (0.7141). It should be noted that trend is bullish, a rebound from the 8/8 level has not been completed breakdown 6/8. Nevertheless, it is advisable to wait for the breakdown of 8/8, after which accomplishes possible purchase. Unlikely breakdown STH4 will lead to a continuation of the flat short-term, that is, to the level of 6/8.

    Trade recommendation:

    Buy – 0.7100; sl – 0.7065; tp – 0.7140.

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