NZDUSD rising nicely, potential for further rise

NZDUSD has broken major resistance and has the potential to rise much further above major support at 0.7273 (Fibonacci retracement, horizontal overlap support, double bottom reversal) towards 0.7341 (Fibonacci retracement, horizontal swing high resistance).

RSI (55) has broken above our 52% line and also sees ascending support hold it up nicely.

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Chart PatternsHarmonic PatternsNZDNZDUSDnzdusdbreakoutnzdusddailynzdusdlongnzdusdsellnzdusdshortnzdusdtradeTrend AnalysisUSD

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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