Great Kiwi rebounds.

Great Kiwi rebounds.

Written by: PaxForex analytics dept - Friday, 27 June 2014 0 comments

First at all, PaxForex's team wishes a great new year for traders and readers!

Thank you for continue trusting on our services and we are looking to provide the best trading environment conditions in next year to support our business.

Traders are noticing a nice bullish trend for currencies like AUD/USD and NZD/USD. Particularly, the New Zealand's economy is showing better improvements and the kiwi can continue to bright even more higher if the developments remains for 2014.

Pay attention for:
1. NZ GDP; 
2. RBNZ interests rates; 
3. Demand for Soft and Hard Commodities;



 

Monday, NZDUSD opened the day with a 0.8115 support zone. Only today, the currency pair realized a profit of 1068 pips. The trend remains bullish. So, traders could sell kiwi on higher resistance level. The recommendation is short NZD/USD at @0.82250 with @0.81600 pivot area. Let's wait the Asiatic session to open in order to confirm any signal.
 

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