LiteForex - Analytics

    LiteForex

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    NZD/USD: Quotes will continue to rise on 16.02.2015

    NZD/USD quotes continued to rise and reached a 5-week high at 0.7516 on Monday. The key level for the bulls is located at 0.7520 (50.0% Fibonacci retracement). Its breakdown will provide scope for a further growth to a level of 0.7600 (61.8% Fibonacci retracement). Alternatively, the pair may correct to the levels 0.7445-0.7425 (middle line of Bollinger bands). 

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