30 Apr 2015
NZD/USD sees room for further gains – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team, sees further room for gains for NZD/USD as long as the pair remains in the upward trend channel.
Key Quotes
“Two months ago the pair recovered at the strong support line around 0.7237 and is since then trading in an upward trend channel. Although the RSI is already on a high level we assume that there is still more room for gains as long as the pair remains in the channel. Both support line have been in the past reliable levels for supporting the bulls.”
“Support Levels around 0.72375, 0.74233”
“Resistance Levels around 0.78568, 0.79779”
Key Quotes
“Two months ago the pair recovered at the strong support line around 0.7237 and is since then trading in an upward trend channel. Although the RSI is already on a high level we assume that there is still more room for gains as long as the pair remains in the channel. Both support line have been in the past reliable levels for supporting the bulls.”
“Support Levels around 0.72375, 0.74233”
“Resistance Levels around 0.78568, 0.79779”