Thursday, February 25, 2016

The NZD/USD finally breaks to the upside

The New Zealand Dollar versus the US Dollar was in a consolidation between the 55 day EMA around the 0.6619 level and the 200 day EMA around the 0.6718.  The price finally breaks above the 200 EMA, but if it continues rallying, then the 0.6800 level could act as resistance. To the downside, the 200 EMA may act as support. Below the 200 EMA, the 55 EMA may act as support or the low at the 0.6544 level.


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