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NZD/USD Daily Forecast: Break Higher Targets 6970/80

Published 03/24/2019, 08:59 AM
Updated 07/09/2023, 06:31 AM

AUD/USD - NZD/USD Daily Forecast - March 25, 2019

AUDUSD _ NZDUSD

AUD/USD holding resistance at 7090/7100 targets 7070 and 7055, perhaps as far as 7040/35. This pair shorts at resistance at 7090/7100 and need stops above 7120 to target 7140. There is strong resistance at 7160/70.

NZD/USD holding support at 6870/60 allows recovery towards the 9-month trend line resistance at 6910/15 before 200-week moving average at 6930/33. Shorts need stops above 6945. A break higher targets 6970/80. Longs at 6870/60 need stops below 6855. A break lower targets 6830/25 and 6810.

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