NzdUsd to break up from rectangle

2021年2月15日

In my previous analysis on NzdUsd I said that I expect the pair to continue its range between 0.7250 and 0.7100. It seems this is not the case and USD is way too weak these days.
On Friday Kiwi reversed losses from 0.7180 and managed to close the day above 0.72
At the time of writing NzdUsd is 0.7240, just under the upmentioned resistance and I expect a break to the upside.
Such a break can lead to a new local high above 0.73 and 0.7350 could be the short term target for bulls