Since
last Sunday, when lates polls showed that Bremain sentiment prevails and most
probably United Kingdom will not leave the European Union, the apetite for
riskier stocks and higher yielding currencies increased significantly. Seems
like the kiwi cheered at this scenario and NZD/USD is boosted.
In the early hours today the pair was indecisive and trading lower. At noon the pair conquered the resistance level at $0.7170, where was marked yesterday’s high.
Current support level is located at $0.7173, standing together with the 5-day moving average. Immediate resistance level is seen at $0.7172 and should the pair break trough it, bulls next target is $0.7202.
The Relative Strenght Index is facing upwards with the momentum indicator also trending higher.
The current outlook is bullish with expectations for booking new 1-yr highs.
In the early hours today the pair was indecisive and trading lower. At noon the pair conquered the resistance level at $0.7170, where was marked yesterday’s high.
Current support level is located at $0.7173, standing together with the 5-day moving average. Immediate resistance level is seen at $0.7172 and should the pair break trough it, bulls next target is $0.7202.
The Relative Strenght Index is facing upwards with the momentum indicator also trending higher.
The current outlook is bullish with expectations for booking new 1-yr highs.
Chart:
NZD/USD H4
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