NZD/USD Further Growth Confirmed!


NZD/USD has increased as expected and now it has jumped above the former high signaling strong buyers in the short term. I've told you in my previous analysis that the pair should extend its growth as long as it stays above the uptrend line.

The pair has started to increase after passing above the minor black downtrend line. The current breakout above 0.7272 former high indicates that NZD/USD could continue to increase.

Trading Conclusion!

Passing and stabilizing above 0.7272 is seen as a buying opportunity. The next upside targets are represented by 0.73 and 0.74 levels.

The material has been provided by InstaForex Company -