NZDUSD 12-01-2018 Intra-day analysis.

ECB minutes stall euro’s declines

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NZDUSD 12-01-2018

NZDUSD intra-day analysis

NZDUSD (0.7252): The New Zealand dollar extended gains, capitalizing on the USD’s weakness. price action broke past the trend line and having cleared the resistance level at 0.7160, we expect to see further gains coming. However, watch for a pullback towards the 0.7160 where support could be tested. Establishing support at this level will signal further gains in the Kiwi.

 

 

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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