NZD/USD The direction of this pair today is likely to be determined by trader reaction to the Fibonacci level at 0.6830 and the 50% level at 0.6800. A sustained move over 0.6830 will indicate the presence of buyers. This could drive the pair into 0.6850, followed by 0.6860, that is the trigger point for an acceleration to the upside. The daily chart shows there is room to run with 0.6920 the next major target. A sustained move under 0.6800 will signal the presence of sellers. This could lead to a steep break into 0.6770 then 0.6760.
Translate to English Show original