Forex Flash: Kiwi looks sweet next week – Nomura
Forex pairs in this Article »
NZD/USD
FXstreet.com (Barcelona) - Nomura Strategist Saeed Amen gives his outlook of the NZDUSD from a purely technical perspective.
Looking at an hourly chart, Amen give his bullish forecast of 0.8190, where the 55 MA currently sits. He notes that spot is down on the week but unable to break through the 200 MA, indicating that it has good downward support. Elsewhere, RSI(14) has ticked upwards, suggesting that we have reached a low. Also, he highlights the low level of Bollinger bandwidth as being consistent with range-bound trading.
Looking at an hourly chart, Amen give his bullish forecast of 0.8190, where the 55 MA currently sits. He notes that spot is down on the week but unable to break through the 200 MA, indicating that it has good downward support. Elsewhere, RSI(14) has ticked upwards, suggesting that we have reached a low. Also, he highlights the low level of Bollinger bandwidth as being consistent with range-bound trading.
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