NZDUSD reversed higher off .7316 (May 12, 2015 low, near 76.4% of the .7161/.7743 rise) to probe above .7500, forming a minor double bottom at .7327/.7316. Intraday indicators turned positive, suggesting there is scope for further upside near term towards .7576 ahead of .7639 (as shown on the 240 minute chart). .7419 would support dips. A break below there would defer the upside and retest the .7327/.7316 zone.
Outlook:
Short term: bullish
Long term: neutral
Outlook:
Short term: bullish
Long term: neutral
