NZD/USD: Bullish Setup Intact Targeting 0.7480 Against A Weekly Close Below 0.7347 – NAB

NAB FX Technical Strategy Research notes that NZD/USD technical setup remains bullish around current levels.

“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.  

We target 0.7480/00, the break of which will raise our MT target to 0.7800/25.

Only a weekly close below 0.7347 would negate our immediate bullish bias,” NAB projects.

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 http://feedproxy.google.com/~r/Efxnews/~3/nv1XEL9BZus/nzdusd-bullish-setup-intact-targeting-07480-against-weekly-close-below-07347-nab

from Online Forex Trading Resource
View thesource article here

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