The NZDUSD is moving around the weekly pivot line at 0.6717 which is the support level as well and probably keeps going up and down around this area above the EMA 50. The pair is likely to move upward reaching 0.7000 as the next target. Long positions are recommended when the price hit 0.6770 and considering this scenario, the price will climb up the chart otherwise it will decline to 0.6666
Technical analysis of NZDUSD dated 29.03.2016
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