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08.03.2018 03:51 AM
NZD/USD looking really bullish, time to buy

Price has formed a sort of double bottom reversal and our major support remains at 0.7276 (Fibonacci retracement, horizontal overlap support, double bottom exit) and we look to buy above this level for a push up towards 0.7341 resistance (Fibonacci retracement, horizontal swing high resistance). We do have to keep a watch out for immediate resistance at 0.7307 (Fibonacci retracement, horizontal overlap resistance) which needs to be broken to open a further rise.

RSI (34) sees ascending support hold up our bullish momentum really well.

Buy above 0.7276. Stop loss at 0.7251. Take profit at 0.7341.

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Dean Leo,
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