NZD/USD breaks above 50-DMA, good to go long on dips
NZD/USD has largely ignored somewhat weak trade data and extended gains.
Upside is holding above 0.70 handle, breaks stiff resistance by 50-DMA at 0.7014.
Next major hurdle at 0.7054 (double top Apr 19, May 3) and then 0.7078 (10-DMA).
Strong support seen at 0.6955 (trendline), weakness only on break below.
Good to go long on dips, SL: 0.6985, TP: 0.7054/0.7075
Upside is holding above 0.70 handle, breaks stiff resistance by 50-DMA at 0.7014.
Next major hurdle at 0.7054 (double top Apr 19, May 3) and then 0.7078 (10-DMA).
Strong support seen at 0.6955 (trendline), weakness only on break below.
Good to go long on dips, SL: 0.6985, TP: 0.7054/0.7075
