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  1. NZD/USD Price Action Analysis - bullish breakout with 0.6773 as the next daily target

    by , 02-27-2016 at 09:22 AM
    Daily price was crossed 200-day SMA/100-day SNA area for the bullish reversal with Fibo support at 0.6773 as the next target for the bullish trend to be continuing:

    • "The New Zealand Dollar is attempting to renew upside momentum against its US namesake as prices broke upward to the highest level in nearly two months. The currency mounted a swift advance following an unexpectedly strong set of trade figures."
    • "Near-term resistance is at 0.6746, the 50% Fibonacci expansion,
    ...