The NZD/USD has posted a strong session yesterday and cleared a short term resistance at 0.8281/87. A break above 0.8350 (March 6 high pivot) would confirm this bullish development and would prolong the recovery toward 0.8478, possibly toward 0.8574. Successive breaks below 0.8280 then 0.8215 would probably invalidate this bullish scenario. Buy – Stoploss @ 0.8279 – Target @ 0.8477.
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