- Analytics
- News and Tools
- Market News
- NZD/USD remains in a clear uptrend with next resistance at 0.7060 – Credit Suisse
NZD/USD remains in a clear uptrend with next resistance at 0.7060 – Credit Suisse
FXStreet reports that economists at Credit Suisse said that NZD/USD remains in a clear uptrend.
“Although daily RSI is still in heavily overbought territory and momentum might slow down, allowing the market to unwind its overbought condition, with a major base in place though, as well as the recently completed bull ‘triangle’, we stay biased higher with resistance initially at the June 2018 high at 0.7054/60.
“Removal of the 0.7060 June 2018 high would subsequently open the door to the 78.6% retracement of the 2017/2020 fall at 0.7111, where we would expect to see a first attempt to cap.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
