NZD/USD Daily Forecast: Break Higher Targets 6970/80
Jason Sen | Mar 24, 2019 08:59AM ET
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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