Exchange rate still is above the moving averages with periods of 34, 89, 55 and 144, which are directed upward and points to the continued bullish sentiment, as well as support levels are 0.7730 and 0.7680/70.MACD histogram is located in the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy NZD / USD.
Stochastic Oscillator is in the overbought zone and is not currently send a clear signal as the% K line crossed with a line of% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in a given currency pair is likely to worsen again bullish, we need to wait for the breakdown of the local maximum of 0.7825, which will open the path to levels of 0.7850, 0.7870 and 0.7900.
Perhaps a more distant goal of the bulls - 0.7980.
Resistance levels: 0.7850, 0.7870, 0.7900, 0.7950, 0.7980
Current Price: 0.7810
Support levels: 0.7800/0.7990, 0.7760, 0.7730, 0.7710/00
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