Latest Forex market updates :
SUMMARY:
The secondry trend of NZD/USD is bearish, but prices
are not sustaining on lower levels the pair is sustaining below the
falling trendline & consolidating with a positive bias. If
NZD/USD breaches the level of 0.7980 & sustains above it then we
can expect it to come up to the levels of 0.8090. I n it daily chart
30 DMA is working as a support & prices can come up to test 200
DMA. RSI is sustaining in buying territory & indicating the
upcoming buying in the pair.
In MACD , MACD line has recently breach the zero line,
supporting the upside movement for next few sessions.
STRATEGY :-
For this week, NZD/USD is looking strong on charts. Indicators also
supporting the same. One can go for buy on dips strategy for this
pair for intra day to mid term positions.
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