Technical analysis NZDUSD

NZDUSD is one of the most interesting pairs as it has a story to tell and clear scenarios for trading. Our analysis focuses mainly on short-term and medium term trading and provides recommendations for trading the pair given the possible scenarios. On the short term, the pair is moving in a clear upward trend; it is moving above its 50-MA and an upward trend-line connecting its last two troughs in June and Mid-July. However, it is testing this trend line after its fail to test a major resistance level at 0.7500, which comes from the upper boundary of medium-term upward Continue Reading →