NZDUSD: Short term weakness in USD
Fundamental:
USD is still long-term strong currency. However the holiday season have causes momentary weakness in USD.
Technical:
The price action just broke and close above major weekly resistance level around 0.7050 which also a nice BRN.
Go long to target just below next resistance level at 0.7200
USD is still long-term strong currency. However the holiday season have causes momentary weakness in USD.
Technical:
The price action just broke and close above major weekly resistance level around 0.7050 which also a nice BRN.
Go long to target just below next resistance level at 0.7200
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