Updated NZDUSD Long
Last month, we were watching NZDUSD for a potential long opportunity. This is an update from the idea posted on 7/16. NZDUSD broke through the resistance in the .659 zone to retest previous highs of .67. Now, the next support zone to watch for is the confluence of major trendline support and a previous support zone around .64. If these supports hold, go long to next resistance zone of .693. The dovish tone of the FED at the recent FOMC meeting should continue to stave off DXY bulls and prop up NZDUSD
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