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FxWirePro: NZD/USD Call update

Our previous call has achieved both targets Bid tone persists in NZD/USD, sellers largely absent, there is scope for further gains The pair has bounced-off channel support at 0.6680 on Friday's trade, post Fed lossed now…

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FxWirePro: NZD/USD Call update
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Our previous call has achieved both targets

  • Bid tone persists in NZD/USD, sellers largely absent, there is scope for further gains
     
  • The pair has bounced-off channel support at 0.6680 on Friday's trade, post Fed lossed now dissipated
     
  • RSI strong at 61 and has room to run, Stochs are also biased higher but in oversold territory, so caution advised

Recommendation: Book partial profits and hold for further gains. Raise stops loss to 0.6755, TP: 0.6825/30

 

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