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NZDUSD: Keep 0.7100 on Your Radar Next Week
Two days ago, I wrote that the NZDUSD pullback was likely to be temporary. I didn’t think that post would mark the bottom of the pullback. Of course, there’s still a chance the New Zealand dollar could retreat to 0.6940 support next week. But so far, NZDUSD bulls appear to be in complete control. If buyers can close the pair above the 0.7100 resistance area next week, we could see the pair trend higher to 0.7330. It isn’t the cleanest level I’ve seen, but 0.7330 was a key factor for NZDUSD between early 2005 and 2011. As of this post, 0.7100 is intact as resistance. And as I mentioned a couple of days ago, ... (full story)
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- Dec 11, 2020 9:10pm Dec 11, 2020 9:10pm
- thelordpip
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