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#1 25-06-2015 08:11:45
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NZD/USD: Westpac expects break of 0.6869 with 0.64 in sight
NZD/USD: Westpac expects break of 0.6869 with 0.64 in sight
Westpac notes that the AUD/USD pair returned to the middle of its 0.7650/0.7850 range but the pair should not stay here much longer and that a breakout is preparing.
Regarding the NZD/USD pair, Westpac notes that support (long term Fibonacci around 0.6869) remains under pressure. The downtrend should continue. A break of 0.6869 would allow one to target 0.6403.
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Pages: 1
- Index
- » Analyses / Forecasts (by major banks and brokers)
- » NZD/USD: Westpac expects break of 0.6869 with 0.64 in sight