FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects NZD/USD to rally to the 0.7462/0.7559 long-term pivot.
“NZD/USD yesterday broke above the 2021 downtrend and its 200-day ma and its 55-week ma at 0.7101/04, this was one tough nut to crack and the break above here should lead to some further dollar weakness.”
“Target 0.7462/0.7559 long-term pivot.”