- Analytics
- News and Tools
- Market News
- NZD/USD to reaffirm the core uptrend on a clear close above 0.7315 - Credit Suisse
NZD/USD to reaffirm the core uptrend on a clear close above 0.7315 - Credit Suisse
FXStreet reports that the Credit Suisse analyst team notes that the NZD/USD pair moved sharply higher on Friday and a clear close above 0.7315 would reassert the core uptrend, with resistance next at 0.7395.
“Post a very near-term consolidation phase, we expect further strength to unfold and a sustained close above the aforementioned 0.7315 would finally reassert the broader core uptrend.”
“Above 0.7315 would see next resistance at 0.7338/45, then 0.7373, ahead of a fresh test of April high at 0.7395, where a first breather might occur.”
“Support is seen initially at 0.7283, beyond which would see a small intraday top completed to suggest mild corrective weakness, with support next at 0.7233/18.”
© 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
