Relevance up to 13:00 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Technical analysis:
NZDUSD has been trading upside this morning and there is the breakout of the sideways base, which is good sign for further rally. Trading recommendation: Due to the breakout of the resistance trend-line I see potential for the bigger rally. Watch for buying opportunities on the intraday dips with the upside objectives at the price of 0.6250 and 0.6280. Stochastic oscillator is showing oversold condition and there is potential for the rally. Key support is set at the price of 0.6192
Read more: https://www.instaforex.eu/forex_analysis/282685
