On the H1 chart, NZD/USD is currently doing a rally above the level of 0.6826 with a focus on 0.6860. We can expect a breakout over there to reach new highs, but as long as the kiwi succeeds in performing a pullback at current levels, we can see a re-test of the 200 SMA in this time frame, which is slightly bullish.
H1 chart's resistance levels: 0.6860 / 0.6893
H1 chart's support levels: 0.6826 / 0.6793
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the NZD/USD pair breaks a bullish candlestick; the resistance level is at 0.6860, take profit is at 0.6893, and stop loss is at 0.6828.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of NZD/USD for December 28, 2015 . Thanks for your support.
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