19, August 2016

NZD/USD (a 4-hour chart)

General review

The New Zealand dollar came close to strategic resistance 0.7300-0.7320. In case of breakdup we can talk about the medium-term bullish trend to 0.75-0.76.

Trading recommendations

We consider it reasonable to wait for the development of the current situation in the market and remain flat- uncertainty is high. Longs only after the passage and settlemnet above 0.7310-0.7315