NZD/USD: Buy the dips circa 0.7112? – Goldman Sachs

Dhwani Mehta FXStreet

Goldman Sachs’ analysts offer a quick overview of the NZD/USD technical outlook for the near-term, in its latest G10 FX snapshot report.

Key Quotes:

“The next area in focus is 0.7185-0.7112; includes the 200-dma, ABC of the Feb. high and March. low. The decline since the January high has been characteristically counter-trend, bringing a bullish under-tone. Would need a break below 0.7112 to change that.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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