The NZD/USD pair moved as predicted and all our targets have been hit. The pair is on the upward side since June 1 and is still expected to advance further.
To sum up, look for a continuation of rebound to 0.73450 and even to 0.7375 in extension above 0.723.
Strategy: BUY at dips, Stop Loss: 0.7230, Take Profit: 0.7345
Chart Explanation: The black line shows the pivot point; the present price above pivot point indicates the bullish position and below pivot points indicate the short position. The red lines show the support levels and the green line indicates the resistance levels. These levels can be used to enter and exit trades.
Resistance levels: 0.7345, 0.7375, and 0.7405
Support levels: 0.7210, 0.7190, and 0.7150
The material has been provided by InstaForex Company - www.instaforex.com
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