10 Apr 2014
NZD/USD - Blue skies until 0.8842
FXStreet (Bali) - NZD/USD is finding little resistance to strethch its upward trajectory further up, posting a new 30-month high at 0.8737 following the dovish FOMC minutes.
According to Jim Langlands, Founder at FXCharts, "the break above 0.87 has left little to stand in the way of a run towards 0.8842 (July 2007 high) as per the weekly chart below.".
Langlands adds that "much will depend today on the data from China and Australia", adding that "any setback to slightly lower levels should be seen as a buying opportunity."
According to Jim Langlands, Founder at FXCharts, "the break above 0.87 has left little to stand in the way of a run towards 0.8842 (July 2007 high) as per the weekly chart below.".
Langlands adds that "much will depend today on the data from China and Australia", adding that "any setback to slightly lower levels should be seen as a buying opportunity."