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

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