FxWirePro: NZD/USD breaks strong resistance at 0.6850, good to go long on close above, target 0.6925

Broad based weakness in US Dollar and rising commodities buoying the Kiwi.

• The pair has broken strong resistance at 0.6850 on the day, but has pared some gains to currently trade at 0.6836 levels.
   
• Close above 0.6850 will see further upside to 0.6883/0.6897/0.06925 levels.
   
• Price action on the weekly charts has entered cloud, and technicals point to further gains.
   
• Our previous call (http://www.econotimes.com/FxWirePro-NZD-USD-extends-rally-on-the-067-handle-break-above-06785-resistance-to-test-06835-levels-180263) has achieved all targets.
   
• 0.6850 is strong resistance for the pair. Only decisive close above could see further upside.
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Recommendation:

- We advise booking full profits in the trade. 

- Enter fresh longs only on close above 0.6850, SL: 0.68, TP: 0.6883/0.6897/0.06925