Forex Flash: NZD/USD, break of 0.8360 exposes 0.8470 - BNZ
Forex pairs in this Article » NZD/USD
FXstreet.com (Barcelona) - In the next few session, NZDUSD traders should pay attention to 0.8360 resistance, says BNZ FX strategist Mike Jones. According to the analyst, "while speculative 'long' positioning looks increasingly stretched, NZDUSD momentum is positive and NZ-US relativities are still tilted in favour of NZD appreciation." He tips that "if a break of 0.8360 materializes, the 2012 high of 0.8471 would then pose the next resistance challenge."