NZDUSD Daily Forecast Mar 24 2015

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170
Minors - 956854 (1)

Outlook in NZDUSD remains on the upside as long as support 0.7400 holds on a daily closing basis , resistance comes at the 0.7700 levels , a halt is strongly suggested , but a break would open 0.7840 next , further upside will target the 0.7800 levels..

On the downside , main support comes at the 0.7591/ 0.7400  levels ,a clear break below the 0.7400 levels will terminate the last bullish run and restore the downside momentum and bring a lower leg below the 0.7187 levels .

In all , as long as 0.7400 support holds on a daily closing basis , outlook in NZDUSD remains on the upside towards the 0.7700/0.7840 levels before the next possible fall , below the 0.7400 levels will restore the downside momentum and open the 0.7300/0.7187 levels ..

 

NZDUSD Daily Forecast Mar 24 2015

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