FX.co ★ Technical analysis of NZD/USD for November 7, 2016

NZD/USD still trading up within the ascending channel and above the 200 Moving Average. It broke above both 161.8% and 261.8% while hasn't tested 361.8% Fibs level (0.7365)

Currently pair is trading at the support (0.7295) which could result in another wave up towards 361.8% Fibs. Consider buying NZD/USD while the rate is near 0.7300, targeting 0.7365 level. The suggested stop loss 0.7270.

Support: 0.7295

Resistance: 0.7365