NZD/USD hourly chart – Bullish flag detected “Kiwi rides high after a boost from retail sales and tests key resistance levels. Current risk environment supports upward momentum, but expect USD 0.69 to remain a barrier,” analysts at ANZ Bank explained. The bird has morphed into a bullish flag which negates the bearish case following the break below the trendline support in early New York trade. The rule of thumb for the take profit target is by measuring from the base of the pole to the break-out point. If the price breaks 0.6892 as the prior hourly high, the price would be expected to extend around at least 27 pips and test 0.6917 with eyes on the 50% Fibo retracement of the 2018 decline to Oct swing lows located at 0.6930, (a double top resistance level). Support to the downside is located at 0.68 the figure. NZD/USD 60 min chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD Technical Analysis: Cable bulls attempting to retake 1.3100 figure FX Street 4 years NZD/USD hourly chart - Bullish flag detected "Kiwi rides high after a boost from retail sales and tests key resistance levels. Current risk environment supports upward momentum, but expect USD 0.69 to remain a barrier," analysts at ANZ Bank explained. The bird has morphed into a bullish flag which negates the bearish case following the break below the trendline support in early New York trade. The rule of thumb for the take profit target is by measuring from the base of the pole to the break-out point. If the price breaks 0.6892 as the prior hourly high, the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
