The NZD/USD pair is at risk of a short-term correction as the kiwi paused over the past week. However, the broader uptrend remains clearly intact, the Credit Suisse analyst team informs. Key quotes “NZD/USD is threatening a small top, which would be confirmed below 0.7153/44, which would suggest a setback early in the quarter towards 0.7006/6999. However, the core uptrend remains clearly intact and we look for an eventual continuation higher post this correction.” “An eventual break above 0.7315 would open the door to the 2017 and 2018 highs as well as the 61.8% retracement of the entire 2014/2020 fall at 0.7438/7558, most likely beyond the first quarter.” “A closing break below 0.7006/00 would instead complete a larger top and suggest a much deeper and more protracted correction, which is not our base case.” 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 USD/CAD climbs to one-week tops, eyeing a sustained move beyond 1.2800 mark FX Street 2 years The NZD/USD pair is at risk of a short-term correction as the kiwi paused over the past week. However, the broader uptrend remains clearly intact, the Credit Suisse analyst team informs. Key quotes “NZD/USD is threatening a small top, which would be confirmed below 0.7153/44, which would suggest a setback early in the quarter towards 0.7006/6999. However, the core uptrend remains clearly intact and we look for an eventual continuation higher post this correction.” “An eventual break above 0.7315 would open the door to the 2017 and 2018 highs as well as the 61.8% retracement of the entire 2014/2020 fall… 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.
