NZD/USD: Extension of the rally in the coming days - Natixis

Sandeep Kanihama FXStreet Contributor

Micaella Feldstein, Research Analyst at Natixis, explains that the daily indicators have turned around for NZD/USD pair, the daily volatility has increased markedly and the weekly stochastic has picked up, suggesting an extension of the rally in the coming days.

Key Quotes

“Note that a break of 0.7052/73 (weekly Bollinger moving average) would add weight to this bullish view, lessening the risks of a new pullback to 0.6840 (daily Bollinger lower band) and paving the way to the 0.7110 barrier (50-week moving average), to barriers at 0.7158-0.7174 ahead of the 0.7205 threshold (weekly parabolic). The supports are located at 0.70-0.7020, at 0.6962, at 0.69, at 0.6840 and at 0.6785-0.68.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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