FxWirePro: NZD/USD breaks major resistance, hits 7-week highs, good to buy dips

Kiwi bulls bolstered by surprisingly positive NZ trade data, take NZD/USD to 7-week highs at 0.6775.

• The pair has broken all major resistances - at 0.6667 (triple top ), 0.67 and 0.6730 (trendline resistances).
   
• Price action has edged above the cloud and major moving averages biased higher, 0.6653 (200 DMA) is strong support on the downside ahead of 0.6620 (trendline).
   
• Resistance on the upside is seen at 0.68 (Dec 17 high and psychological leve), and then at 0.6825 (Dec 15th highs).
   
• We see momentum to continue, pair likely to hit 0.68 levels, we see weakness only on breaks below 0.6620.
   

Recommendation: Good to  buy dips around 0.6760, SL: 0.6620, TP: 0.68/0.6880