NZD/USD Is Bullish - Expecting Positive Side Movement

The secondry trend of NZD/USD is bullish & it is sustaining below the rising trend line & expected to give breakout at upside. Prices are taking resistance from the level of 0.7930 & consolidating with a positive bias. 0.7930 is a important support level and breaching of it can show upside movement to the levels of 0.7950/0.7975. MACD line is sustaining above the zero line, which is also indicating the positive sentiment in the market. RSI is also supporting the same. 

 

STRATEGY :- 

For Today, NZD/USD is looking strong on chart. We can expect positive side movement for this session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2316	1.2344	1.2389	1.2417	1.2462	1.2490	1.2535
GBP/USD	1.5561	1.5595	1.5646	1.5680	1.5731	1.5765	1.5816
USD/JPY	116.84	117.21	117.83	118.20	118.82	119.19	119.81
USD/CHF	0.9591	0.9627	0.9649	0.9685	0.9707	0.9743	0.9765
AUD/USD	0.8450	0.8520	0.8561	0.8631	0.8672	0.8742	0.8783
EUR/GBP	0.7875	0.7890	0.7905	0.7920	0.7935	0.7950	0.7965
USD/CAD	1.1151	1.1188	1.1239	1.1276	1.1327	1.1364	1.1415
NZD/USD	0.7766	0.7806	0.7831	0.7871	0.7896	0.7936	0.7961

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