1 Jul 2013
Flash: Look to sell a NZD/USD rally - BNZ
FXstreet.com (Barcelona) - Mike Jones, Strategist at BNZ has taken a technical look at NZD/USD recommended that investors look to sell a rally in the pair.
He begins by commenting that steady buying interest is being encountered below 0.7700, and the daily RSI is close to being in “oversold” territory. He writes, “Watch for a bounce.” In terms of levels, he sees resistance at 0.7795, ahead of 0.7900, with support below at 0.7685, before 0.7667.
He begins by commenting that steady buying interest is being encountered below 0.7700, and the daily RSI is close to being in “oversold” territory. He writes, “Watch for a bounce.” In terms of levels, he sees resistance at 0.7795, ahead of 0.7900, with support below at 0.7685, before 0.7667.