NAB FX Technical Strategy Research notes that its NZD/USD outlook remains bullish in the MT and notes that a weekly close above .7330/40 will confirm further upside risk.
“Bullish weekly and monthly closes in May/June have laid a strong foundation. A series of bullish MT momentum triggers highlight an increasingly positive environment.
While the weekly close remains above .7280 we target 0.7480/00, the break of which will raise MT target to 0.7800/25,” NAB argues.
Source: NAB Research
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