23 Mar 2015
Technical outlook for the antipodeans - Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, gives the technical outlook for NZD/USD and AUD/USD, expecting the kiwi to range-trade between 0.7660 – 0.7550.
Key Quotes
“NZD has started recovery from 0.7530 and has made his first 100 pips, resistance here is 0.7660-70 and it will be broken not so easy.”
“I expect some range trade between 0.7660 and 0.7550. Above 0.7550 we are bullish and you may go LONG but use SL.”
“AUD is blocked by the wide and stong resistance area between 0.7820 and 0.7850, breaking of this will enter the negative daily Ichimoku cloud and will give us more chances to break it, but for now we have only the desire.”
“Daily support is at 0.7680 and we have an intermediate support at 0.7730. You may try to go long around these two but be careful.”
Key Quotes
“NZD has started recovery from 0.7530 and has made his first 100 pips, resistance here is 0.7660-70 and it will be broken not so easy.”
“I expect some range trade between 0.7660 and 0.7550. Above 0.7550 we are bullish and you may go LONG but use SL.”
“AUD is blocked by the wide and stong resistance area between 0.7820 and 0.7850, breaking of this will enter the negative daily Ichimoku cloud and will give us more chances to break it, but for now we have only the desire.”
“Daily support is at 0.7680 and we have an intermediate support at 0.7730. You may try to go long around these two but be careful.”