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NZD/USD bull sentiment upped on key resistance break

Source: Thomson Reuters


  • NZD/USD bull sentiment likely upped as pair clears 0.7630 key resistance overnight

  • Soft US yields & solid Westpac NZ consumer confidence aid pair's lift 

  • NZD Short covering & AUD/NZD slump near 1.0220 alao a big boost

  • Pair could eye 0.7780/10 on upward biased RSIs and hold >55-DMA & daily cloud 

  • 38.2 Fib of 0.8835-0.7174 and Jan 19 & 20 highs in that zone

  • Below 0.7550 eases short-term bull pressure 

  • Market Data
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