EUR/NZD
The cross has cleared a medium term resistance around 1.6135 (medium term resistance line) last week before a slight consolidation yesterday. In this context, the uptrend may extend which would be confirmed by a clear break above 1.6222 (December 2012 high pivot) paving the way to 1.6502 (ST retracement) then 1.6726 (medium term retracement). The initial support stands at 1.6040. Buy – Stoploss @ 1.6039 – Target @ 1.6499.
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Natixis