NZDUSD Technical Analysis

Hello Price Action Traders.


The NZD/USD continues pushing higher. The Kiwi rose past June highs and reached a three year peak of 0.88046 after the breakout of the bullish flag plus the breakout of the bullish Pin Bar. Additionally, the 200 simple moving average maintains a strong bullish slope. Once the market is trending the odds are that it will continue to trend, therefore we might get a new high pushing up. Next resistance could be found at 0.88400, high of 2011.


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Luigi Bazzarelli, professional trader member of

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