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| NZD/USD |
The NZD/USD is in consolidation phase. It is sustaining
below the falling trend line with a positive bias. The pair is
showing strength in buying side & consolidating on higher levels,
gaining strength for breaking upside. If NZD/USD breaks the level of
0.7800 at upside & sustains above it then we can expect it to
test the level of 0.7830/0.7850 in today's session. RSI is also
sustaining in buying territory & indicating to continue its
ongoing trend for this week also.
In MACD , MACD line is sustaining above the zero line &
supporting the upside movement for next few sessions.
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| Technical Chart |
STRATEGY :-
NZD/USD is successfully sustaining on higher level & looking
further bullish on charts. One can go for buy on dips strategy for
this pair for intra day to mid term positions.
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