NZD: Bullish Tech Signal Intact; Levels & Targets – NAB

NAB FX Technical Strategy Research still holding a bullish NZD/USD bias since shifting from definitively bearish to bullish in the past three to four weeks.  

“The 7.5% decline from the February high now looks to  be complete after bullish weekly and monthly closes in May. Fresh positive MT momentum bias helps to confirm the shift in directional bias

We target a further upswing to 0.7340/60 in the coming weeks.

Only a weekly close below 0.7046 would negate the uptrend bias,” NAB projects.

NZD/USD is trading circa 0.7215 as of writing. 

Source: NAB Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews

from Online Forex Trading Resource
View thesource article here


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