NZDUSD – Stands at the support of the upward sloping trend line
NZDUSD has been trading in a higher top higher bottom formation on the back of continued weakness in the dollar index. Currently it stands at the support of the upward sloping trend line suggesting it could rise from current levels. It would be prudent to say that the pair could rise further towards 0.7220 and 0.7250 while it sustains above 0.7090.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.
Risk Disclaimer:
Trading Forex or any CFD products may not be suitable to all investors and they must evaluate their risk appetite. The above article should not be construed as a trading or investment advice as it is solely for education and information purpose only. Trading might incur a loss of capital and hence investors might be required to gain further knowledge regarding the risks involved. Leverage should be used wisely.