NZD/USD: Bullish Signal Intact; Weekly Close Key – NAB

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

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
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