NZDUSD PRICE MOMENTUM STAND IN FRONT CHANGING….OR…???
New Zealand dollar closed last week strong , through the 0.75 handle.
Although NZD/USD downtrend can be continued, since February bears got exhausted and gave the control to the bulls.
With that, if we look at the charts we can see the Near-term resistance that stay in the 0.7620-80 area (trend line bands support-turned-resistance, if those levels will break above that on a daily closing basis we should expect to 0.7960-0.8030 levels ,while failure will lead again to lower levels
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