The pair could retrace.
Alternative scenario: the upside breakout of 132.98 would call for 133.51 and 133.83.
Our preference: the upside prevails as long as 1.2352 is support.
The configuration is negative.
Alternative scenario: the upside breakout of 1.8327 would call for 1.8381 and 1.8412.
Alternative scenario: the downside breakout of 0.9923 would call for 0.9900 and 0.9886.
The configuration is positive.
Our preference: the downside prevails as long as 1.7368 is resistance.
Alternative scenario: the upside breakout of 102.16 would call for 102.45 and 102.62.
The MACD is below its signal line and negative.
Short positions below 102.5500 with targets at 102.0400 & 101.9000 in extension.
Short positions below 1.3490 with targets at 1.3430 & 1.3405 in extension.
Short positions below 0.9170 with targets at 0.9115 & 0.9090 in extension.
Long positions above 1.2340 with targets at 1.2420 & 1.2445 in extension.
Long positions above 132.65 with targets at 133.30 & 133.75 in extension.
Long positions above 1.0825 with targets at 1.0900 & 1.0925 in extension.
Long positions above 0.6725 with targets at 0.6780 & 0.6800 in extension.
Long positions above 0.6650 with targets at 0.6800 & 0.6880 in extension.
Following the OPEC+ shocker overnight, commodity currencies have rallied against the New Zealand dol...
Long positions above 1.0815 with targets at 1.0900 & 1.0925 in extension.
Long positions above 0.6680 with targets at 0.6735 & 0.6755 in extension.
Our preference: the downside prevails as long as 1.3336 is resistance.
The configuration is positive.
Our preference: the upside prevails as long as 0.6221 is support.
Alternative scenario: the downside breakout of 144.12 would call for 143.47 and 143.08.
The MACD is positive and above its signal line.
Our preference: the upside prevails as long as 89.20 is support.
Alternative scenario: the downside breakout of 163.83 would call for 163.17 and 162.78.
Alternative scenario: the downside breakout of 0.6204 would call for 0.6175 and 0.6158.