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  1. NZD/USD Technical Analysis: daily bullish reversal

    by , 02-06-2016 at 01:17 AM
    Daily price is braking 200 day SMA for the bullish reversal:

    • The price is breaking Fibo resistance level at 0.6748 together with 200 day SMA for the reversal of the price movement form the primary bearish to the primary bullish market condition.
    • "The New Zealand Dollar finds itself at trend-setting resistance that has capped gains versus the currency’s US counterpart since early July 2014. The pair’s behavior at this critical juncture may prove defining for trend development
    ...