NZD/USD

NZD/USD

16 June 2015, 09:47
Lalit Matta
0
36
NZD/USD . we can see a bullish divergence ,Currently the pair support on 50 MA , the next resistance could be 100 Ma, but judging from both TECHNICAL and FUNDAMENTAL alignment in the pair we could try to FADE a potential bullish retracement. First ( H1, 23.6 ) around 0.7010 zone could reject the price initially or (H1 : 38.2) around 0.7065 zone ( H4, 50.0, previous swing high/low) and rejections should target 0.6900-0.6850.
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