Trading Conditions
Products
Tools
NZD/USD has increased as expected and now it has jumped above the former high signaling strong buyers in the short term. I've told you in my previous analysis that the pair should extend its growth as long as it stays above the uptrend line.
The pair has started to increase after passing above the minor black downtrend line. The current breakout above 0.7272 former high indicates that NZD/USD could continue to increase.
Passing and stabilizing above 0.7272 is seen as a buying opportunity. The next upside targets are represented by 0.73 and 0.74 levels.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.