NZDUSD Intraday analysis on dated 5-7-2019

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 day moving average’s [Respectively at 0.66840 and 0.66790]. Finally, the NZD/USD is trading above its upper Bollinger band (Standing at 0.66970)

Recommendation: Buy @ 0.66750 Target: 60 pips

Make the trade