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NZD/USD Surge Aims For .8295

BySteve Miley
Published 09/18/2013, 01:37 AM
Updated 12/12/2023, 05:55 AM
NZD/USD
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NZDUSD surge aims for .8295 next, with risk still higher

  • The break above the 50% retrace/ 200-DMA, .8180/85 completed a more sustainable base and re-energized bullish risk for a more notable recovery effort into this week and latter September.
  • A still more robust rally Tuesday maintains the risk up to .8295, the 61.8% retrace target.
  • Above here sees the topping trigger at .8360, with overshoot risk to the 78.6% retrace level at .8460.
  • The 8-day RSI, short-term momentum is OB, but was more stretched in April, leaving scope to go still higher.

WHAT CHANGES THIS?

  • Below .8160 eases bull risks, through .8090 to a more neutral tone; only shifting negative below .7960.

Please see latest audio-visual analysis here:
Daily NZDUSD

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