NZDUSD TECHNICAL ANALYSIS

NZDUSD PRICE MOVE TECHNICAL ANALYSIS

Nzd/usd remains on the upside as long as 0.7400 support holds on a daily closing basis , small resistance comes at the 0.7560 levels , while break up would open to 0.7620 levels next (this level is very significant, provides strong resistance, having been an important support during 2014year ,Down trend  further upside will target the 0.7700 levels   kiwi has enjoyed a strong performance relative to its peers since RBNZ rate cut expectations hit fever pitch after the RBA cut its policy rate in early February                         nzd/usd continued its rises from the US last session as the US dollar lost its strength after Yellen’s comments failed to provide any fresh surprise on Fed’s monetary policy stance yesterday ,today we have also major news from Fed’s ,On the down side we can see  support  at the 0.7400  levels , break down this level should weaken the current  bullish run for 0.7340 levels                                                                                                                         The available trading range is between 0.74 areas with 0.7620-77 areas top and 0.7340-0.74 at bottom In the next  two years, the Reserve Bank of New Zealand expects that the annual growth rate of prices in the country amounted to 1.8% instead of 2.1%. Low inflation pressure can cause a decrease in key interest rates .                                                           im waiting for price action to offer a more compelling opportunity for down/up  the road break up 0.7700 areas will confirm more upsides while resistance there can give us sell signal with tight s/l

good luck 

ZNDUSD

KIWI

This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice